In a report released by a London-based investment consulting company, Henley & Partners, it was revealed that there are more than 40,000 crypto billionaires worldwide who own Bitcoin.
According to a report entitled “Crypto Wealth Report” and published on September 5, Henley & Partners noted that there are approximately 88,200 billionaires worldwide who own crypto assets, and of these, 40,500 are Bitcoin holders.
This report also revealed that of the 182 individuals who own crypto assets worth more than US$ 100 million, 78 of them are Bitcoin users. In fact, six of the 22 crypto traders with over $1 billion “made their fortune trading Bitcoins.”
However, this report does not explicitly reveal the names of the billionaires and crypto billionaires in question. Several well-known names in the crypto world, such as Barry Silbert (founder and CEO of Digital Currency Group), Cameron and Tyler Winklevoss (co-founders of Gemini), Changpeng Zhao (CEO of Binance), Brian Armstrong (CEO of Coinbase), Chris Larsen (one of founder of Ripple), and Michael Saylor (executive chairman of MicroStrategy), have long been recognized as influential Bitcoin holders.
The report also notes that in 2022, when the crypto market experienced a downturn, the number of crypto wallet addresses with assets worth more than US$ 1 million fell by around 80,000. Forbes even reported that many big players in this industry suffered losses of more than US$ 116 billion due to exchange bankruptcies and bear market conditions.
Crypto Adoption Worldwide
In addition to statistics on crypto holders, Henley & Partners also presents a Crypto Adoption Index, which considers factors such as public adoption of crypto, government regulation, and crypto taxation. This index also takes into account aspects of crypto infrastructure, innovation, and economic factors associated with crypto usage.
According to this index, Singapore is ranked highest, followed by Switzerland in second place, and the United Arab Emirates in third place. Meanwhile, the United States and the United Kingdom are ranked fifth and seventh respectively. Other countries that made the top ten include Australia, Canada, Malta and Malaysia.
Singapore and the United Arab Emirates score high for their friendly tax policies towards crypto investors. Even though the United States and the United Kingdom are lagging behind on taxes, they are still attracting a lot of crypto interest and adoption. The United States leads in adoption of crypto infrastructure, while the United Kingdom excels in innovation and technology.
