3 hours ago
Bitcoin (BTC) has go a store of worth and an instability hedge for the world's wealthiest investors, Michael Sonnenfeld, the laminitis of Tiger21, said during an interrogation connected CNBC.
The members of Tiger21, a web of high-net-worth investors and executives, collectively person a nett worthy of $200 billion. The members person allocated astir 1%-3% of their wealthiness into crypto, Sonnenfeld said, which amounts to astir $6 billion.
"The areas of integer currencies stay truly exciting. We person immoderate members who are each in: it's go a golden substitute," Sonnenfeld said connected CNBC. "Gold is for traditionalists, bitcoin a spot caller age, but they often play the aforesaid role. They are perceived arsenic storehouses of value."
BTC is up implicit 125% during the past year, according to CoinDesk Indices data, and is presently trading supra $97,000.
Sonnenfeld besides said that members' currency holdings person deed a 17-year low, which suggests precocious marketplace confidence.
English (US) 