Tiger21 Founder: Bitcoin (BTC) Has Emerged as an Alternative to Gold, Attracting Investors Seeking Refuge From Instability

Members of Tiger21, a global invite-only network for high net worth individuals, own $6 billion worth of Bitcoin and other cryptocurrencies

Members of Tiger21, an exclusive global network for high net worth individuals, own approximately $6 billion in Bitcoin and other cryptocurrencies, according to network founder Michael Sonnenfeldt. The network, which spans the globe and includes 1,600 members, collectively manages over $200 billion in personal assets.

Sonnenfeldt recently appeared on CNBC, where he discussed Bitcoin's emergence as an alternative to gold and its appeal to investors seeking refuge from instability.

“We have some members that are all-in. It has become a gold substitute. Gold isn’t an inflation hedge, it’s an instability hedge. There is a lot of instability around the world, and people think – in America, they are concerned about it – but if you live in Argentina, or Lebanon, or any of the countries that are under risk, Bitcoin is taking on a new role. So, we have about 1 to 3 percent of $200 billion in assets, so about $6 billion in digital currencies.”

Members of Tiger21 have only about 16% of their assets in cash and bonds. The asset allocation breakdown of Tiger21 members as of Q4 2024 was:

Bitcoin's bullish long-term prospects are attracting investors

Bitcoin's long-term prospects appear bullish, with a Standard Chartered analyst recently predicting that the cryptocurrency could reach the $500,000 price level by 2028. Researchers using a flexible supply and demand equilibrium framework have suggested that under the right conditions, Bitcoin could reach $1 million by early 2027.

Meanwhile, data from the Bitcoin blockchain shows that the supply of BTC on cryptocurrency exchanges has been consistently decreasing, with "permanent holders" beginning to accumulate Bitcoin at an increasing rate.