According to an industrial-insider, more investors with a high neat dignor investors in Bitcoin (BTC) and digital assets are jumping.
In a new one interview With CNBC, Michael Sonnenfeldt says that digital currencies are “really exciting” for members of his organization.
Michael Sonnenfeldt is the founder and chairman of Tiger 21, a peer advisory organization for high-net-worthy entrepreneurs, investors and managers.
According to Sonnenfeldt, Bitcoin and Gold have clear use cases and they note that the precious metal is used to seek refuge in times of global instability.
“We have some members who are all. It has become a golden replacement. Gold is not an inflation hedge, it is an instability seal. There is a lot of instability around the world and people think they are worried about it in America, but if you live in Argentina or Lebanon or countries that are at risk, Bitcoin will play a new role.
So we have around 1-3% of $ 200 billion in assets, so around $ 6 billion in assets, in digital currencies. “
Sonnenfeldt argues that gold and bitcoin ‘often play the same role’, although gold is often preferred by ‘traditionalists’, while investors of ‘New Age’ opt for BTC.
“They are seen as storage places of value that are not subject to the government. If you come from that, if you have such a real world market, people feel that there is a real refuge to find. ”
Bitcoin acts at $ 98,040 at the time of writing. The top crypto-asset per market hood has risen almost 2% in the last 24 hours.
https://www.youtube.com/watch?v=SJZQCGIS2BG
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