According to Odaily, Michael Sonnenfeldt, the founder and chairman of the high-net-worth investor and entrepreneur network Tiger 21, revealed that the network's members collectively hold approximately $6 billion in digital currencies. In an interview on Wednesday, Sonnenfeldt stated, "About 1% to 3% of our $200 billion in assets, which amounts to around $6 billion, is in digital currencies. The digital currency sector remains very exciting, and some of our members are fully committed to it. It has become an alternative to gold." Sonnenfeldt further commented, "Gold suits traditionalists, while Bitcoin has a modern appeal, but they generally serve the same role as stores of value."