According to Michael Sonnenfeldt, founder and chairman of Tiger 21, high-net-worth investors are increasingly showing interest in Bitcoin and digital assets. Sonnenfeldt believes that Bitcoin is taking on a role similar to gold, serving as a refuge for individuals in times of global instability. He notes that 1-3% of $200 billion in assets, or around $6 billion, are invested in digital currencies. Sonnenfeldt suggests that both gold and Bitcoin function as storehouses of value that are not tied to government fiat, but Bitcoin is favored by "new age" investors. As of now, Bitcoin is trading at $98,040, experiencing a 2% increase in the past 24 hours.



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