TIGER 21, a collective of affluent investors, executives, and entrepreneurs, disclosed an investment of approximately $6 billion into cryptocurrencies as part of its extensive $200 billion asset portfolio, CoinTelegraph reported.

This allocation represents between 1% and 3% of the group's total assets, as stated by TIGER 21's founder and chairman, Michael Sonnenfeldt, during a CNBC interview on February 5.

The investment reflects the members' bullish stance on digital currencies, with some going all-in on the asset class. Sonnenfeldt highlighted Bitcoin 's emerging role as a store of value and a hedge against instability, particularly in countries facing economic challenges like Argentina and Lebanon. He drew a parallel between Bitcoin and gold, suggesting that both are considered reliable value stores beyond government control, appealing to both traditional and new-age investors.

TIGER 21, which requires a minimum of $20 million in investible assets for membership, has expanded its global presence with offices in 53 cities since its inception in 1999. The network's membership has grown to over 1,600 individuals. Sonnenfeldt noted that nearly 80% of TIGER 21's portfolio is invested in "long-only risk-on assets," such as public and private real estate and private equity, with its cash position falling below 10% for the first time in 17 years.

While specific cryptocurrencies in TIGER 21's portfolio were not disclosed, the investment comes at a time when the crypto market is showing signs of recovery. The market capitalization for cryptocurrencies stands at $3.3 trillion, regaining ground after a significant drop on February 2 and 3. Bitcoin's market dominance has also seen a slight decrease to 61.42% after peaking at nearly 63% on February 3, according to TradingView data.

TIGER 21's substantial crypto investment mirrors a broader trend of institutional investors increasing their allocations in the digital asset space, as regulatory clarity in the United States continues to evolve.

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