Tiger21 Members Allocate $6 Billion to Bitcoin as a Value Store

Bitcoin has emerged as a store of value and hedge against instability for wealthy investors, according to Michael Sonnenfeld, founder of Tiger21.

Tiger21 members collectively hold a net worth of $200 billion.
Members have allocated 1%-3% of their wealth into cryptocurrencies, totaling approximately $6 billion.
Sonnenfeld noted that Bitcoin is viewed as a substitute for gold, appealing to newer investment strategies.
Bitcoin's price increased over 125% in the past year and is currently trading above $97,000.
Cash holdings among members are at a 17-year low, indicating strong market confidence.