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Members of the high-net-worth investment network Tiger21 have allocated approximately 1% to 3% of their wealth to cryptocurrencies, a figure that translates to roughly $6 billion.
In a CNBC interview on Thursday, founder Michael Sonnenfeldt stated that Bitcoin has now established itself alongside gold as a trusted store of value. He further noted that Bitcoin serves as an “instability hedge,” a role that resonates particularly with investors in countries experiencing financial uncertainty.
“The areas of digital currencies remain really exciting. We’ve got some members who’re all in — it’s become a gold substitute. Gold isn’t an inflation hedge. It’s an instability hedge,” he said.
Bitcoin Now Acts as Modern Digital Gold and Diversification Instrument: Tiger21
Commenting on the shift in safe-haven investments, Sonnenfeldt observed that Bitcoin is gaining broader acceptance.
“Gold is for traditionalists. And Bitcoin is a bit of new age, but they typically play the same role. They’re perceived as storehouses of value that aren’t subject to government fiat.”
Sonnenfeldt also highlighted the diversification benefits of adding cryptocurrencies like Bitcoin to an investment portfolio.
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“When you’ve a very global market like that, individuals feel like there’s some real refuge there to be found,” he added.
Various Investments Parallel Bitcoin’s Market Rally
Tiger21 manages approximately $150 billion in assets and counts over 1,200 high-net-worth individuals among its members. To join, individuals must possess at least $20 million in liquid assets, ensuring the network comprises seasoned professionals. The group covers a wide range of investments, from traditional stocks and real estate to alternatives such as private equity, venture capital, and the increasingly popular cryptocurrency market.
The membership is not just composed of the extremely wealthy. They are also serial entrepreneurs, professional investors, and top executives who possess deep insights into wealth creation and management. Their diverse expertise allows members to explore both established and emerging investment opportunities.
Originally founded in New York City, Tiger21 has rapidly expanded its reach on a global scale. Currently, the network operates in seven countries, including the US, Canada, the UK, Switzerland, Portugal, Singapore, and Dubai.
Since President Donald Trump returned to the White House, Bitcoin has surged dramatically, although recent declines linked to his tariff concerns have moderated its momentum. Nevertheless, the cryptocurrency has risen by 129% over the past year and last traded at approximately $98,193 as of early Thursday.
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