Has The Golden Age Ended? Now Even The Super-Rich Are Buying Bitcoin

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While the interest and investment in Bitcoin (BTC) is increasing day by day with significant contributions from ETF funds, TIGER 21 founders, a high-income individual investment company, said the wealthy are currently investing in Bitcoin. Speaking to CNBC, TIGER 21 founder Michael Sonnenfeldt said the wealthy now view BTC as a store of value similar to gold. It is stated that at this time, 6 billion dollars in the $200 billion investment portfolio is allocated to Bitcoin and cryptocurrencies, Sonnenfeldt said some of his 1,600 members have invested entirely in cryptocurrencies. “Cryptocurrency continues to be truly fascinating. At this point, Tiger21 members have a combined net worth of $200 billion, with about 1%-3% of their assets allocated to cryptocurrency. That's about $6 billion. Some of our members even invest entirely in digital currency. 'Bitcoin is currently replacing gold. Gold is for traditionalists, Bitcoin is a bit of a novelty, but they often play a similar role. They are considered a store of value.' Sonnenfeldt did not specify which cryptocurrencies other than Bitcoin are included in the investment portfolio of TIGER 21 members. Sonnenfeldt's company, Tiger 21, accepts members with at least $20 million in investable assets and operates on an invitation-only model.

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