'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

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Trump Issues Surprise Emergency Order - Ad

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Guggenheim analyst initiates coverage on Kyndryl with a Buy rating and a price forecast of $30. Kyndryl has executed a successful turnaround strategy and is well-positioned to gain share in the growing IT infrastructure services market. Guggenheim analyst initiates coverage on Kyndryl with a Buy rating and $30 price target. Kyndryl has executed a successful turnaround strategy and is well-positioned in the growing IT infrastructure services market.

Nasdaq Seeks 4X Options Limit Jump For IBIT — Will Bitcoin ETFs Lift Off?

Nasdaq seeks a 4X boost to IBIT options limits, signaling rising institutional demand and potential gains for major Bitcoin ETFs.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

Biogen, Eisai File In Japan To Make Leqembi A Weekly At-Home Alzheimer's Shot

Eisai files for Japan approval of a weekly at-home Leqembi injection, offering an alternative to IV dosing and aiming to streamline Alzheimer's care.

Buy This Gold Stock Before the New Year

Buy This Gold Stock Before the New Year - Ad

America is about to see a massive shift in how regular people buy and store gold. Next year, the world's largest gold buyer is expected to launch a new way for everyday Americans to invest in gold with a simple tap on their phone - and it could go live in 2026. When it does, a tiny gold stock trading around $1.60 could explode.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

S&P Calls Tether 'Weak' — Meanwhile It's Buying More Gold Than Central Banks

Tether (CRYPTO: USDT) just got slapped with the lowest possible stability score from S&P G

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Trump Tariff Policy Is A 'List Of Lies And Exaggerations,' Says This Economist And They Reveal More Than A 'Wonky List Of Truths'

Economist Justin Wolfers pushed back against President Donald Trump's recent tariff claims, criticizing them for being misleading.

Sweden promises action against illegal sex doll sales

BERLIN (AP) — The Swedish government promised on Friday to fight the sale of childlike sex dolls online after instances of such commerce had been reported earlier in the country.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after January 29, it may be too late.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

These are the 37 donors helping pay for Trump's $300 million White House ballroom

WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Asian shares are mixed in holiday-thinned trading with Wall Street closed for Thanksgiving

MANILA, Philippines (AP) — Asian shares were mixed Friday in holiday-thinned trading as tech stocks slipped as a recent rebound driven by hopes for an interest rate cut by the Federal Reserve lost steam.

Robinhood, Beyond Meat, Tilray Brands, ASML And SMX (Security Matters): Why These 5 Stocks Are On Investors' Radars Today

HOOD, BYND, TLRY, ASML, SMX were among the stocks seen trending among investors on Wednesday, Nov. 26, 2025.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Trump Pressures Taiwan To Train US Workers As TSMC Struggles In Arizona: Report

The Trump administration is reportedly pressing Taiwan, including TSMC, to invest more in U.S. semiconductor manufacturing.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Dan Ives Calls Nvidia The 'Indisputable Rocky Balboa' Of AI And Gene Munster Agrees As The Jensen Huang-Led Tech Giant Faces Rare November Slump

Despite a rare November stock pullback and rising competition from Google and Broadcom, analysts including Dan Ives and Gene Munster continue to hail Nvidia as the leading force in the AI chip market.

Cathie Wood Bets Big On These Stocks As Bitcoin, Ethereum Crash —Dumps Instagram Rival

On Tuesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its holdings in Bullish (NYSE:BLSH), Coinbase Glo

Why Are Wall Street Insiders Moving Their Money to This One Asset?

Why Are Wall Street Insiders Moving Their Money to This One Asset? - Ad

Something far more consequential for your money than tariffs is unfolding behind the scenes... Tucked inside this overlooked directive is a plan set to be executed for the first time in in U.S. history. One Stansberry Research's Senior Partner says it's set to trigger a rare window for potentially explosive gains in ONE asset immediately. (Not AI or crypto). Wall Street insiders are already positioning themselves... and he insists you should, too, before it's too late.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Shareholders of Union Pacific, Norfolk Southern support $85 billion rail merger

OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroads’ to create the nation’s first coast-to-coast rail network.

Trump Issues Surprise Emergency Order

Trump Issues Surprise Emergency Order - Ad

A new Trump emergency order just took effect. It could reset the U.S. economy, impact 65M Americans, and trigger a major wealth shift tied to a $257T force Buffett called the greatest transfer of wealth. Billionaires are already positioned. If you want in, time is short.

Senators Demand Meta Be Investigated For Billions In Profits From Facebook Scams

Senators Richard Blumenthal and Josh Hawley call for an investigation and regulatory action against Meta over its alleged profiting from fraudulent advertisements on its platforms.

What's Going On With Surf Air Mobility Stock Monday?

Surf Air Mobility raises $26M equity and partners with Palantir to advance SurfOS software, expand engineering.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

Robert A.M. Stern, noted American architect, dies at 86

Acclaimed architect Robert A.M. Stern, a prominent figure in American architecture who designed notable museums, libraries and residences, died Thursday, according to a statement from the firm he founded. He was 86.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

UK's Treasury chief set to raise taxes once again in her second budget

LONDON (AP) — Following weeks of speculation, will deliver its second budget later Wednesday since it returned to power in a after 14 years in opposition.

$76 Million Worth of Shiba Inu Tokens Locked Into Derivatives Market Amid Rising Activity

Traders of Shiba Inu (CRYPTO: SHIB) have locked a staggering 7.38 trillion SHIB tokens into the derivatives market. This move has triggered a price surge and a renewed wave of optimism among the SHIB community.

Buy This Gold Stock Before the New Year

Buy This Gold Stock Before the New Year - Ad

Jim Cramer Turns Bullish On Boeing's Comeback, Says He's 'Leaning' Towards 'Monstrous 2026' For BA

TV host Jim Cramer is warming up to a more optimistic view of aeronautics giant Boeing Co., pointing to a potentially robust 2026.

Dominican Republic authorizes more flights for tourists rerouted by Hurricane Melissa

SANTO DOMINGO, Dominican Republic (AP) — The Dominican Republic has authorized the arrival of 800 new flights to accommodate a surge in tourists who were originally planning to vacation in Jamaica and other nearby islands but were rerouted following the devastation of .

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Trump's Approval Rating Hits New Low: Voters Blame Republican Party For Government Shutdown

A new voter poll shows Donald Trump and the Republican party losing support as the government shutdown continues.

Trending Now