High-Net-Worth Investors Increasingly Turn to Bitcoin
- Michael Sonnenfeldt, founder of Tiger 21, reports rising interest in Bitcoin among high-net-worth individuals.
- Bitcoin is viewed as a substitute for gold amid global instability.
- Tiger 21 members have allocated approximately $6 billion in digital currencies, representing 1-3% of $200 billion in assets.
- Bitcoin and gold are seen as storehouses of value, not subject to government control.
- Bitcoin’s market value increased by nearly 2% recently, trading at $98,040.
According to Michael Sonnenfeldt of Tiger 21, about $6 billion from high-net-worth investors is now invested in digital currencies like Bitcoin, which is increasingly seen as a refuge during global instability. Both Bitcoin and gold are perceived as valuable assets beyond government influence.
Source (2.6)https://dailyhodl.com/2025/02/11/mega-rich-betting-on-cryptocurrencies-as-bitcoin-takes-new-role-as-inflation-hedge-according-to-insider/?rand=59076
