Many people, even if they do not trade cryptocurrencies, may have heard stories of players losing everything after a margin call.

Bitcoin is even referred to by some as a 'massive scam of the century.'

However, one undeniable fact is that cryptocurrencies, including Bitcoin, have become one of the fastest ways for ordinary people to gain massive wealth.

How many people in the world own over $1 million in crypto assets? The answer is 172,300! (This number continues to grow daily.)

Among them, the number of Bitcoin millionaires reached 85,400.

1. The number of Bitcoin millionaires has surged.

In August of this year, an international investment immigration agency released a report called '2024 Cryptocurrency Wealth Report.'

Let's look at some particularly remarkable data:

1. The total market value of crypto assets has now reached an astonishing $2.3 trillion, compared to last year's total market value of $1.2 trillion, an increase of 89%;

2. Currently, there are 172,300 people worldwide holding over $1 million in crypto assets, including Bitcoin, Ethereum, NFTs, ICOs, mining, and staking.

Among them, the number of Bitcoin millionaires surged by 111% to an astonishing 85,400.

3. The number of cryptocurrency millionaires (holding $10 million or more in crypto assets) grew by 79% to 325.

4. The number of cryptocurrency billionaires has increased by 27%, with 28 people worldwide holding over $1 billion in crypto assets.

5. In the past year, 6 new cryptocurrency billionaires have emerged. Among them, 5 are from Bitcoin, which dominates the portfolios of long-term investors.

From this report, it is clear that Bitcoin is absolutely the king among cryptocurrencies.

If you had invested $81,000 in Bitcoin in 2012 and held it until now, congratulations, you would be a billionaire.

2. Is the exorbitant Bitcoin still worth buying?

In May of this year, Bitcoin's price once soared over $71,000. In the following months, Bitcoin's price fluctuated repeatedly, currently falling back to $99,000.

Many onlookers can't help but wonder, is it still worth buying Bitcoin now?

A foreign Bitcoin analyst pointed out that holding Bitcoin for at least one cycle (about four years) has never resulted in a negative return. During this period, Bitcoin's average annualized return rate was 30%.

Is this really the case? Let's look back at the past data.

Before 2012, Bitcoin was still a novelty, priced at less than $10.

Entering 2013, a Bitcoin worth $13 at the beginning of the year soared to $754 by the end of the year, an increase of over 5,600%.

Four years later, in 2017, Bitcoin experienced another highlight moment, soaring over 1,200%, and first reached $10,000 in November of that year.

In 2021, Bitcoin surged from less than $10,000 the previous year, soaring to $64,000 in November.

According to the analysts mentioned, 2025 will mark a new cycle; can Bitcoin rise significantly again?

There is also an extremely important piece of news regarding Bitcoin.

This means that the SEC (Securities and Exchange Commission) approved the spot Bitcoin ETF, marking 2024 as a transformative year for the digital asset industry.

The immense potential of Bitcoin to enhance traditional portfolio performance is highlighting its growing importance in the global financial system.

3. Where is the ideal place for crypto tycoons?

Cryptocurrency not only creates more wealthy individuals but also changes where these wealthy individuals live and work.

Many newly rich cryptocurrency tycoons hope to move to jurisdictions with tax advantages and more crypto-friendly regulations.

The agency that released the above report created a 'Crypto Adoption Index' to rank countries and regions globally based on their tax and regulatory approaches to cryptocurrency.

Singapore ranks first in this index due to its 'supportive banking system, substantial investment, comprehensive regulations including the Payment Services Act, regulatory sandbox, and alignment with global standards.'

Hong Kong ranks second, followed by the UAE and the USA. Relevant statistics show that 15% of the US population owns cryptocurrency.

It is foreseeable that as countries compete to attract this new wave of digital wealth, the most successful jurisdictions in this digital gold rush will be those that can offer a comprehensive ecosystem for cryptocurrency investors—combining favorable regulations, robust infrastructure, and pathways to alternative citizenship or residency.