Crypto’s Got the Big Bucks!

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Well, shucks, folks! It seems like the high rollers at TIGER 21 have caught the crypto bug 🐜💸. This network of wealthy investors, entrepreneurs, and executives has sunk a whoppin’ $6 billion into digital currencies, according to its founder and chairman, Michael Sonnenfeldt.

Now, I know what you’re thinkin’, “That’s a mighty big chunk of change!” And you’re darn tootin’ it is! But Sonnenfeldt says it’s just a drop in the bucket, representin’ a mere 1% to 3% of their $200 billion portfolio. That’s like me puttin’ a few bucks in a poker game, but instead of losin’ my shirt, I’m makin’ a killing! 🤑

So, what’s got these big shots so bullish on crypto? Well, Sonnenfeldt says it’s the “exciting” areas of digital currencies, of course! And some of their members are all in, like a gambler at a roulette table 🎲. But Sonnenfeldt’s got a more level head, comparin’ Bitcoin to gold as a store of value and “instability hedge” for folks in countries like Argentina and Lebanon.

“Gold is for traditionalists, Bitcoin is a bit new age,” Sonnenfeldt says, “but they often play the same role. They are perceived as storehouses of value that are not subject to government fiat.” That’s a mighty fine point, if I do say so myself! 🤓

“When you have a truly global market like that, people feel like there’s some real refuge there to be found.”

Now, I know some of you are thinkin’, “How do I get in on this action?” Well, sorry to say, but TIGER 21 is invitation-only, and you’ll need at least $20 million worth of investible assets to get your foot in the door 🚪. But hey, if you’re one of the lucky ones, you might just find yourself rubbin’ shoulders with the likes of Sonnenfeldt and his 1,600-member crew 🤝.

TIGER 21’s $6 billion crypto position is just the tip of the iceberg, folks. Institutions are startin’ to take notice of the crypto market, and it’s gettin’ clearer by the day that this ain’t no flash in the pan 🔥. So, buckle up and hold on tight, ’cause the crypto train is leavin’ the station, and it’s takin’ the big bucks with it! 🚂

Sonnenfeldt didn’t spill the beans on which cryptocurrencies TIGER 21’s got in its portfolio, but I reckon that’s just part of the mystery, like a poker player keepin’ his cards close to his chest 🃏. CryptoMoon tried to get the scoop, but TIGER 21’s keepin’ mum for now 🤐.

The crypto market cap is currently sittin’ pretty at $3.3 trillion, and it’s partially recovered from that nasty Feb. 2 and 3 bloodbath, which saw around $400 billion wiped out in just 24 hours 🤯. And Bitcoin’s dominance has dropped to 61.42% since it reached a four-year high of nearly 63% on Feb. 3, according to TradingView data 📊.

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2025-02-06 06:10