{"id":11624,"date":"2025-02-06T05:31:43","date_gmt":"2025-02-06T05:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11624"},"modified":"2025-02-06T05:31:43","modified_gmt":"2025-02-06T05:31:43","slug":"tiger21-founder-michael-sonnenfeldt-says-ultra-rich-are-bullish-on-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11624","title":{"rendered":"Tiger21 Founder Michael Sonnenfeldt Says Ultra-Rich are Bullish on BTC"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) has become a store of value and an instability hedge for the world&#8217;s wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC.<\/p>\n<p>The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of their wealth into crypto, Sonnenfeld said, which amounts to around $6 billion.<\/p>\n<p>&#8220;The areas of digital currencies remain really exciting. We have some members who are all in: it&#8217;s become a gold substitute,&#8221; Sonnenfeld said on CNBC. &#8220;Gold is for traditionalists, bitcoin a bit new age, but they often play the same role. They are perceived as storehouses of value.&#8221;<\/p>\n<p>BTC is up over 125% during the last year, <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" target=\"_blank\">according to CoinDesk Indices data<\/a>, and is currently trading above $97,000.<\/p>\n<p>Sonnenfeld also said that members&#8217; cash holdings have hit a 17-year low, which suggests high market confidence.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has become a store of value and an instability hedge for the world&#8217;s wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC. The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members have allocated around 1%-3% of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11624","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11624"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11624\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}