Tiger21’s Ultra Rich members have allocated nearly $ 6B in crypto, the founder says
Bitcoin (BTC) has become a store of value and a self -esteem for the world’s richest investor, Michael Sonnenfeld, the founder of Tiger21, said in an interview with CNBC.
Members of Tiger21, a network of high -net and executive investors, collectively have a net of $ 200 billion. Members allocated nearly 1% -3% of their wealth in crypto, Sonnenfeld said, worth nearly $ 6 billion.
“The areas of digital currencies remain really kapana -excited. We have some members that are all: it has become a gold replacement,” Sonnenfeld told CNBC. “Gold is for traditionalists, the bitcoin of relatively new age, but they often play the same role. They are noticed as barn value.”
BTC has climbed over 125% in the last year, According to CoinDesk’s data indicesand currently trade above $ 97,000.
Sonnenfeld also said members’ cash holders hit a 17-year low, suggesting high confidence in the market.
