'We're High On' Bitcoin, Says Ultra Rich Investment Club, Believing the Coin 'Is a Corollary Almost to Gold'

Benzinga Neuro

April 11, 2024

Barbara Goodstein of the R360 Club advocated for Bitcoin (CRYPTO: BTC) as a top-tier investment for the club’s ultra-wealthy members.

What Happened: On Thursday, Goodstein from the exclusive R360 Club, endorsed Bitcoin as a prime investment for the club’s affluent members on CNBC’s Last Call.

“Bitcoin is one of the first things that we're telling people that we're high on,” she said. Goodstein compared Bitcoin to gold, suggesting its potential as a valuable asset.

Where are the ultra-wealthy investing their money?

"Bitcoin is one of the first things that we're telling people that we're high on," says R360's Barbara Goodstein. "Bitcoin is a corollary almost to Gold." $BTC #Bitcoin pic.twitter.com/iC1A4t30a9
— Last Call (@LastCallCNBC) April 11, 2024

The R360 Club is a global wealth-building society, catering to families and couples with fortunes exceeding $100 million. Members are required to pay a substantial three-year membership fee of $180,000 to join this elite group.

Goodstein’s endorsement of Bitcoin underscores the growing interest in cryptocurrency among the world’s wealthiest individuals, marking a significant shift in investment trends.

See Also: What Happened To Dogecoin After The Bitcoin Halving Four Years Ago?

Why It Matters: This endorsement comes amid a surge in Bitcoin’s value, with the cryptocurrency trading above the key $70,000 level on Thursday.

Furthermore, Michael Novogratz, CEO of Galaxy Digital, emphasized the importance of hard assets like Bitcoin for wealth building during an episode of the Business Untitled podcast on Thursday.

This is in stark contrast to economist Peter Schiff‘s advice to Bitcoin holders to exchange their holdings for gold and silver.

A day before, Robert Kiyosaki, renowned author of ‘Rich Dad Poor Dad’, publicly endorsed Cathie Wood's bullish prediction for Bitcoin, advocating for bold investment approaches.

Price Action: Currently, Bitcoin is priced at $70,235.60, marking a 0.31% increase over the past 24 hours. Impressively, it has surged by 59.00% since the beginning of the year, as per data sourced from Benzinga Pro.

Read Next: What’s Going On With ‘Dogecoin Killer’ Shiba Inu?

Image Via Unsplash

Benzinga Neuro, Edited by Kaustubh Bagalkote

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Recommended

Elon's Greatest Invention... Hidden in South Memphis? - Ad

$1,016/Day in Crypto - Witness the Proven Strategy Now - Ad

Unveil the 365X Crypto Secret - Replay Disappearing Soon! - Ad

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

Warren Buffett Skips Big Banks Like JPMorgan and Wells Fargo, Bets $459 Million On This One Asset

Warren Buffett has shifted his investment strategy, investing $459 million in Sirius XM after selling his stakes in Bank of America, JPMorgan Chase, and Wells Fargo.

Stunning Trump Policy Unlocks Upfront Cash Payouts

Stunning Trump Policy Unlocks Upfront Cash Payouts - Ad

The U.S. has collected $15B from Trump's tariffs - and now, thanks to Title 15, you could claim your own $100-$1,000 instant upfront cash payouts. No stocks needed. Use your phone and this income technique to collect upfront payouts now.

Amazon Hits 1 Million Robots, Should Human Workers Be Worried?: Company Says 'Creating New Career Opportunities'

If Amazon has one million robot workers, should human workers be worried? Not yet, the company says.

Inside The Trump Family's $620 Million Crypto Empire

Since retaking the White House, Donald Trump's reported net worth has remained broadly stable, around $6.5 billion on Election Day to roughly $6.4 billion today.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Lisa Murkowski Defends Alaska Carveouts As Elizabeth Warren, Bernie Sanders And Rand Paul Condemn Trump's 'Big Beautiful' Bill: 'Not Good Enough For The Rest Of Our Nation'

Senators across party lines are fiercely divided over Donald Trump's $3.3 trillion "Big Beautiful Bill," which narrowly passed the Senate and now heads to the House amid concerns over debt, tax cuts, and social program rollbacks.

Iran’s president orders country to suspend cooperation with UN nuclear watchdog IAEA

DUBAI, United Arab Emirates (AP) — Iran’s president on Wednesday ordered the country to suspend its cooperation with after American and Israeli airstrikes hit its most-important nuclear facilities, likely further limiting inspectors' ability to track Tehran's program that had been enriching uranium to near weapons-grade levels.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Russia fires a record 728 drones and 13 missiles at Ukraine, Ukrainian air force says

KYIV, Ukraine (AP) — Russia fired a record 728 Shahed and decoy drones at Ukraine overnight, as well as 13 missiles, the Ukrainian air force said Wednesday, in the latest escalation amid mounting Russian aerial and ground attacks in the .

Trump's Big Beautiful Bill Slashes Solar Incentives — Cathie Wood's Ark Says Nuclear May Now Be Cheapest Option: OKLO, SMR, LTBR And Other Stocks In Focus

Cathie Wood's Ark Invest makes a compelling case for nuclear energy emerging as the most economical power source despite solar dominance.

Copper's Spiking - And This Junior Has the Grades to Match

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include “surgical” price increases in the U.S. starting this fall.

A Vermont dairy farm was raided. The mixed messages from Washington since then have increased fears

MONTPELIER, Vt. (AP) — After six 12-hour shifts milking cows, José Molina-Aguilar's lone day off was hardly relaxing.

From Ferrari to Bombardier - This Tiny Company Is Everywhere

From Ferrari to Bombardier - This Tiny Company Is Everywhere - Ad

A $150M disruptor is transforming glass into real-time displays and vision systems. Already embedded in global OEMs and Tier 1s, it's scaling fast - yet still under Wall Street's radar.

Big Banks Pass Fed's 2025 Stress Test With Ease—But Some Say It Was Too Easy

All major U.S. banks passed the Fed's 2025 stress test, but critics say easier assumptions may have padded the results.

Cramer Praises Monster Beverage As 'Smoking Hot,' Warns Investors About This AI Stock

Cramer recommends buying Okta (OKTA) as it reported strong earnings, but not to trust Nebius Group (NBIS), while Sweetgreen (SG) and Monster Beverage (MNST) have mixed views. He also suggests buying McDonald's (MCD) while their partnership with Krispy Kreme (DNUT) will end in 2025.

CPA and CFA Says You Have Way Too Many Stocks - Just Buy These 3

CPA and CFA Says You Have Way Too Many Stocks - Just Buy These 3 - Ad

After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who's also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don't need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman's own mom earn 3,400%.

Home Depot's $5.5B Deal Expands Its Reach To Thousands Of Job Sites

Analyst maintains Buy rating on Home Depot with $450 price target, noting plans for subsidiary SRS Distribution to acquire GMS for $4.3B.

Mexican banks face cascading consequences following US sanctions

Mexico City (AP) — Three Mexican financial institutions sanctioned by the Trump administration last week have felt a cascade of economic consequences following the allegations that they helped launder millions of dollars for drug cartels.

Gold Just Hit Another Record. This Junior Could Be Next.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Boeing Rises 2.8% After Key Trading Signal

A significant trading signal occurred for Boeing stock, as it demonstrated a power inflow at $209.02, after which BA rose up to 2.8%.

Robinhood, Apple, Oracle, Plug Power And Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday, major U.S. indices closed in positive territory, with the Dow Jones Industrial Average rising 0.6% to 44,094.77.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

In South Memphis, I uncovered what could be Elon Musk's biggest invention yet. It's so secretive, rivals are flying drones to spy on it. If you're serious about investing in AI, now's the time to see what's really going on inside those walls.

Trump Brokers Peace Deal Between DR Congo And Rwanda — Now Eyes Billions In US Investment

Trump brokers a peace deal between DR Congo and Rwanda, aiming to end conflict and unlock U.S. investment in critical African minerals.

Iran's Top Diplomat To UN Says Uranium Enrichment To Continue: An 'Inalienable Right'

Iran reaffirms commitment to nuclear program despite US strikes. Ambassador cites Non-Proliferation Treaty as justification. Impact remains debated.

$1,016/Day in Crypto - Witness the Proven Strategy Now

$1,016/Day in Crypto - Witness the Proven Strategy Now - Ad

Last chance! The "365x Return in 90 Days" crypto Workshop replay disappears this [DAY]. Discover the simple, 92%-win-rate system that turned $250 into $91,457-no charts, no stress.

Dan Ives Urges Apple 'To Make A Move,' Saying That Perplexity Acquisition Is 'A No-Brainer': 'It's A Matter Of When And Not If'

Tech bull Daniel Ives has urged Tim Cook's Apple to make quick moves and acquire Perplexity AI for its search engine.

Nike Beats The Street And Says The Worst Is Over

Nike Inc (NKE) stock rallies after upbeat fiscal Q4 results. Analysts maintain Buy ratings, raise price targets, citing potential for growth.

Unveil the 365X Crypto Secret - Replay Disappearing Soon!

Unveil the 365X Crypto Secret - Replay Disappearing Soon! - Ad

Only 12 hours left! Watch the replay of the "365x Return in 90 Days" crypto Workshop before it's gone. Discover Joel and Adam's 4-part system, real success stories, and how to start mirroring their trades. This is your last chance-don't miss out.

Drone debris found in Ukraine indicates Russia is using new technology from Iran

Last week, Ukrainian drone hunters picking up the debris from Russia’s nightly assault on their cities found a weapon that stood out from the rest.

On This Day 15 Years Ago, Elon Musk's Tesla Took A Risk On The Public Markets — Now It's Paid Off Nearly 300 Times Over

Tesla marks its 15th anniversary of its IPO with a staggering 300-fold surge in its stock value.

Stunning Trump Policy Unlocks Upfront Cash Payouts

Stunning Trump Policy Unlocks Upfront Cash Payouts - Ad

The Senate is putting Trump's big bill back on track but hurdles remain

WASHINGTON (AP) — Senate Republicans appeared Friday to push back on track after a flurry of last-minute revisions, including , but there's still a long way to go ahead of expected weekend votes.

Here's how millions of people could lose health insurance if Trump's tax bill becomes law

WASHINGTON (AP) — Roughly 11.8 million adults and children will be at risk for losing health insurance if Republicans' domestic policy package becomes a law.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

Sonnet BioTherapeutics Drops 5% Intraday, Rebounds 14% After Hours Amid Delisting Concerns

Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) fell 5.54% on Thursday to close at $3.92, before rebounding 14.29% in after-hours trading to $4.48, amid concerns of a potential NASDAQ delisting.

China's humanoid robots generate more soccer excitement than their human counterparts

BEIJING (AP) — While China's men's soccer team hasn't generated much excitement in recent years, humanoid robot teams have won over fans in Beijing based more on the AI technology involved than any athletic prowess shown.

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Asia Markets Mixed, Europe Slips, Dollar Weakens Further As Tariff Deadline Looms - Global Markets Today While US Slept

U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.

Trending Now

Larry Page Rejected Steve Jobs' 'Do One Thing' Well Advice, Built Everything Instead: Palo Alto CEO Nikesh Arora Recalls Google's 'Product-Obsessed' Roots