Founder of Tiger 21: 'Bitcoin is Used as a Store of Value by High Net Worth Individuals'
Summary
- Michael Sonnenfeldt, founder of Tiger 21, conveyed that Bitcoin serves as a 'store of value' for high net worth individuals.
- Tiger 21 members have allocated approximately $6 billion of their total $200 billion net worth to virtual assets.
- Some investors emphasize that they view Bitcoin as a substitute for gold.
Michael Sonnenfeldt, the founder of the high net worth investor network Tiger 21, emphasized that the perspective of wealthy individuals on Bitcoin (BTC) has changed.
According to a report by CoinDesk on the 6th (local time), Michael Sonnenfeldt, founder of Tiger 21, stated in an interview with CNBC, "Bitcoin has now become a store of value and a hedge against instability for the wealthiest investors around the world."
Members of the high net worth investor network Tiger 21 hold a total net worth of $200 billion, of which approximately $6 billion is allocated to virtual assets (cryptocurrencies).
Founder Sonnenfeldt explained, "The digital currency sector is still really intriguing. Some of our members consider virtual assets as a substitute for gold. Bitcoin is perceived as a store of value for the new era, similar to gold."
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