Catenaa, Sunday, February 09, 2025- Members of Tiger21, an exclusive network of ultra-wealthy investors, have allocated an estimated $6 billion to cryptocurrencies, reflecting Bitcoin’s growing role as a store of value alongside gold.
Tiger21 founder Michael Sonnenfeldt said in a CNBC interview that Bitcoin has become an “instability hedge,” particularly appealing to investors in countries facing economic uncertainty. He noted that while gold remains a traditional safe-haven asset, Bitcoin is emerging as a modern alternative. “Gold is for traditionalists, and Bitcoin is a little new age, but they often play the same role,” he said.
The investment club, which manages about $150 billion in assets, consists of more than 1,200 high-net-worth individuals, including entrepreneurs, executives, and experienced investors. Membership requires at least $20 million in liquid assets, ensuring an elite network with deep financial expertise.
Tiger21 operates across seven countries, including the US, Canada, the UK, Switzerland, Portugal, Singapore, and Dubai. Its members have diversified portfolios, spanning stocks, real estate, private equity, venture capital, and digital assets.
Bitcoin has surged 129% in the past year, trading around $98,193, though recent volatility tied to Trump’s tariff policies has slowed its momentum.
