The song rich in the encrypted currencies, where Bitcoin plays a new role as an increase in inflation, according to the internal files

More high -value investors jump to Bitcoin (BTC) and digital assets, according to one of those familiar with the industry.

In new interview With CNBC, Michael Sonnefeldt says digital currencies are “really exciting” to his organization’s members.

Michael Sunfield is the founder and chairman of TIGER 21, and is a consulting organization for project owners, investors and executives.

According to Sonnefeldt, Bitcoin and Gold have distinctive use cases, noting that the precious metal is used to search for a shelter in times of global instability.

We have some members who are all. It has become a golden alternative. Gold is not a hedge of inflation, it is a hedge of instability. There is a lot of instability around the world, and people believe that in America they are concerned about this, but if you live in Argentina, Lebanon or any countries that are at risk, Bitcoin plays a new role.

So we have about 1-3 % of assets 200 billion dollars, so about $ 6 billion of assets, in digital currencies. “

Sonnefeldt argues that gold and bitcoin “often play the same role”, although gold tends to be the preference of “traditional”, while investors choose the “New Age” BTC.

“They are seen as a valuable store that is not subject to government fillets. When you come out of that, when you have a really global market like this, people feel that there is some real shelter that can be found.”

Bitcoin is trading at $ 98,040 at the time of this report. The highest classified coding assets have increased by the maximum market by approximately 2 % over the past 24 hours.

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