Recently, it has been observed that high -income investors’ interest in crypto currencies has increased. This tendency becomes more pronounced with the portfolio distribution and investments of the Network 21 of the “Ultra Rich” investors. TIGER 21 President Michael Sonnenfeldt emphasizes the use of Bitcoin as a means of storing in economic instability. In addition, changing arrangements for crypto currencies are thought to cause more high -income investors to turn to crypto currencies.
Did high -income investors began to adopt crypto currencies as popular investment instruments?
Developments that the interest in Bitcoin and Altcoins, which has been seen as a risky and volatile asset in the past, has increased gradually increased, indicates that this change is in great transformation. Many indicators from private investment clubs to famous names supporting crypto assets reveal that this change is too large to ignore. Michael Sonnenfeldt, the founder and president of TIGger 21, shared on the last media that his companies’ interest in crypos has increased. Sonnenfeldt said that TIGER 21’s investment portfolio is divided into cryptos between 1 %and 3 %. Considering that TIGER 21 manages more than 200 billion dollars, this rate shows that the company has a crypto investment of approximately $ 6 billion.
TIGER 21 is an investment group that accepts membership with an invitation and has to have an investment of at least $ 20 million to become a member. Currently, the group has less than 1,600 members. In particular, the fact that some members invest in full crypto currencies shows the orientation of digital assets among wealthy investors.
Similarities between Bitcoin and Gold
Sonnenfeldt stressed that it is used as a value storage tool, especially at the time of economic uncertainty, comparing Bitcoin with gold. Stating that Bitcoin has increased in countries with financial challenges such as Argentina and Lebanon, Bitcoin was accepted as a wider protection tool against instability. The political attitude towards the cryptopara sector in the United States began to change after Donald Trump defeated Kamala Harris. The new Trump administration has begun to take strong steps to create a clear regulatory frame for crypto beings. Experts think that the US government’s attempts to create a regulatory framework for crypos lead to many high -income investors to change their perspectives on crypto currencies.
However, traditional investments are still ahead
Although TIGER 21 continues to focus on traditional investments such as real estate and private capital, the increasing interest in crypto currencies points to a wider trend. Although the crypto currency constitutes a small part of its companies’ portfolio, the increasing share in this area shows that more elite investors are seriously approaching digital assets.
Despite the increasing interest in crypto currencies, the market is still volatil. At the beginning of February, the crypto market value reached $ 3.45 trillion. However, the market decreased by 8.09 %in the first two days. On February 3, an increase of 3.13 %experienced a decrease of 5.16 %between 4 and 5 February. Currently, the market value is 8.93 %lower than the monthly summit, at $ 3.16 trillion.
