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Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
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Members of high-end investment club Tiger21 have dedicated about 1%-3% of their wealth to cryptocurrencies. This translates to roughly $6b.
In a CNBC interview on Thursday, founder Michael Sonnenfeldt explained that Bitcoin has now positioned itself alongside gold as a trusted store of value. He also added that Bitcoin serves as an “instability hedge,” a feature that particularly resonates with investors in nations facing economic uncertainty.
“The areas of digital currencies remain really exciting. We have some members who are all in — it’s become a gold substitute. Gold isn’t an inflation hedge. It’s an instability hedge,” he said.
Commenting on the shift in safe-haven investments, Sonnenfeldt noted that Bitcoin is gaining wider acceptance.
“Gold is for traditionalists. And Bitcoin is a little new age, but they often play the same role. They’re perceived as storehouses of value that are not subject to government fiat.”
Sonnenfeldt also discussed the diversification benefits of adding cryptocurrencies like Bitcoin to an investment portfolio.
“When you have a truly global market like that, people feel like there’s some real refuge there to be found,” he added.
Diverse Investments Parallel Bitcoin’s Market Rally
Tiger21 manages roughly $150b in assets and counts over 1,200 high-net-worth investors among its members. To join, individuals must have at least $20m in liquid assets, ensuring that the network comprises seasoned professionals. It 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 club’s members are not just extraordinarily wealthy. They are also serial entrepreneurs, experienced investors, and top executives who possess deep insights into wealth creation and management. Their diverse expertise enables 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. Today, the network operates in seven countries, including the US, Canada, 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. Nonetheless, the cryptocurrency has risen by 129% over the past year and last traded at roughly $98,193 as of early Thursday.
