Sam 8 February 2025 ▪
4
min at reading ▪
Bitcoin continues to tempt wealthy investors. According to Michael Sonnenfeld, founder Tiger21, members of its network invested about $ 6 billion in Krypto. Discover all the details in the following paragraphs!
Bitcoin is essential between financial elites
Bitcoin undoubtedly becomes Privileged choice for rich investors Trying to protect their wealth. According to Michael Sonnenfeld, members of its network have about $ 6 billion.
Tiger21 consists exclusively of business leaders, financiers and entrepreneurs. This elite group manages a combined assets of $ 200 billion. According to the data allocated 1 to 3 % of his heritage to digital asset. What confirms the growing attraction of the cryptocurrency market with great wealth.
This acceptance of a billionaire is part of a global trend where Bitcoin is increasingly perceived as a reserve of value. Many of them consider this to be an asset capable of maintaining wealth in the face of economic instability.
Risky bet or solid alternative?
Historically considered speculative asset, bitcoin is now perceived as digital gold by many rich investors. They are mainly looking for permanent and reliable investments.
L ‘The attraction of bitcoins It is based mainly on its magnificent growth. In one year, the price of the flagship Krypto climbed to 125 %. This impressive procedure strengthens the idea that the crypto market offers a trusted alternative to traditional investments.
That’s not all! With shares limited to 21 million units, bitcoin is often compared to gold. Sonnenfeld underlines this comparison by declaring:
“Gold is reserved for traditionalists.” Bitcoin is part of a new generation. But they often play the same role. Are perceived as value reserves (…) »
Decrypting:
While gold is perceived as ancestors’ refuge, Bitcoin represents a modernized version of the location of the refuge for investors trying to secure their capital.
Why did the financial elite reduce their cash assets?
Another remarkable phenomenon is the decline in liquidity held by TIGER21 members. According to Sonnenfeld, their current level of cash is the lowest for 17 years. This decrease in their reserves in dollars suggests a change in strategy: Less money, more bitcoins and digital assets.
This development translates:
- growing trust in the cryptographic market;
- Distance from the classic cash system.
Inflation, currency devaluation, economic uncertainty … These are all factors that push billionaires to look for alternatives. Thanks to its independence from central banks, Bitcoin will appear as An increasingly privileged solution.
The growing acceptance of bitcoins by rich investors sends strong news to the crypto market. It remains to be seen if this trend will expand!
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My name is Ariela and I’m 31 years old. I have been working in the area of writing websites for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.