Tiger 21 holds $6B in digital currencies

Tiger 21, a global network of high-net-worth investors, holds approximately $6 billion in digital currencies, according to founder Michael Sonnenfeldt. This represents 1%–3% of the network’s $200 billion in assets. Sonnenfeldt described digital currencies as an exciting space, with some members heavily invested, viewing crypto as a modern substitute for gold. According to The Block, the announcement comes amid a crypto bull run following Donald Trump’s election, with Bitcoin recently hitting an all-time high of over $108,000.