tl;dr
Michael Sonnenfeldt, Chairman of Tiger21, revealed that the firm holds around $6 billion in cryptocurrency, with a bullish stance on Bitcoin. He compared Bitcoin to gold, highlighting its increasing acceptance as a store of value. Tiger21 manages about $200 billion in assets and has approximately 1,...
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Tiger21, chaired by Michael Sonnenfeldt, discloses a bullish stance on Bitcoin with approximately $6 billion invested in cryptocurrency.
President Trump's support for crypto projects and potential establishment of a strategic Bitcoin reserve have impacted the market, despite setbacks from trade tariffs.
Wayne Jones, a part-time trader and blockchain enthusiast, shares insights on cryptocurrency and financial systems.
Michael Sonnenfeldt, Chairman of Tiger21, revealed that the firm holds around $6 billion in cryptocurrency, with a bullish stance on Bitcoin. He compared Bitcoin to gold, highlighting its increasing acceptance as a store of value. Tiger21 manages about $200 billion in assets and has approximately 1,600 high-net-worth investors. The firm's portfolio primarily consists of "long-only risk-on assets" such as real estate and private equity.
Since President Trump's return to the White House, Bitcoin has seen a surge, with institutional investors increasing their digital asset allocations. However, the market faced setbacks due to U.S. tariffs, resulting in a $400 billion drop in the crypto market cap. Tiger21's substantial investment reflects a broader trend of institutional investors increasing their digital asset allocations amidst evolving U.S. regulations.
Michael Sonnenfeldt, Chairman of Tiger21, a global network of ultra-wealthy investors, has disclosed that the firm holds approximately $6 billion in cryptocurrency. He also stated that the network of high-net-worth investors remains bullish on Bitcoin. "We have about 1% to 3% of $200 billion in assets, so about $6 billion in assets, in digital currencies," he said in an interview with CNBC.
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