Ultra-Rich Investors Turn to Bitcoin as a Store of Value
- Bitcoin (BTC) is considered a store of value and an instability hedge by wealthy investors.
- Tiger21 members, with a collective net worth of $200 billion, allocate 1%-3% to crypto.
- This allocation amounts to approximately $6 billion in cryptocurrency investments.
- Bitcoin has increased over 125% in the past year and trades above $97,000.
- Tiger21 members’ cash holdings are at a 17-year low, indicating market confidence.
Members of Tiger21 have invested around $6 billion into cryptocurrencies, viewing Bitcoin as a modern equivalent to gold. The significant rise in Bitcoin’s value and decreased cash holdings reflect strong market confidence among these high-net-worth individuals.
Source (2.6)https://www.coindesk.com/markets/2025/02/06/tiger21-founder-michael-sonnenfeldt-says-ultra-rich-are-bullish-on-btc?rand=52298
