The number of crypto millionaires has increased by 95% since the beginning of the year.
Experts from Henley & Partners reported that the ongoing "digital gold rush" is forming a new financial elite, whose wealth is based on investments in digital assets. Henley & Partners stated that in previous generations, wealth was primarily created through real estate and securities. However, today it stems from bitcoins, ethers, NFT tokens, initial coin offerings, mining, and staking. In many cases, staggering profits are obtained from relatively small amounts of initial capital, noted the experts from Henley & Partners.
"Currently, there are 172,300 people worldwide who own cryptocurrency assets worth more than $1 million, which is 95% more than a year ago. Meanwhile, the number of bitcoin millionaires has increased by 111% and reached 85,400 people," the report states.
The company’s analysts reported that against the backdrop of an 89% increase in the market capitalization of crypto assets, the number of crypto millionaires owning assets worth $100 million and more has increased by 79%, to 325 people.
