The Bitcoin myth "ran wildly", "creating" more than 85,000 millionaires in one year
As cryptocurrencies rise, the number of Bitcoin millionaires has more than doubled in the past year.
According to the latest report from New World Wealth and Henley & Partners, the number of Bitcoin millionaires has increased to 85,400, an increase of 111% in 12 months.
At the same time, the report said that the number of cryptocurrency millionaires soared from 88,200 last year to 172,300.
As the newly approved spot ETF in the United States pushes Bitcoin to new highs in 2024, the number of cryptocurrency millionaires has increased rapidly. In March, the price of Bitcoin hit an all-time high of $73,000. Since then, the price of Bitcoin has given up its gains, but it is still up about 45% to around $64,000. In the past 12 months, the price of Bitcoin has risen by 138%.
He added: "In March, Bitcoin rose to over $73,000, a record high, and the long-awaited spot Bitcoin and Ethereum ETFs in the United States were approved, releasing a large amount of institutional capital."
The total market value of cryptocurrencies is now $2.3 trillion, an increase of 89% from last year's $1.2 trillion valuation.
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Andrew Amoils, head of research at New World Wealth, said: "Five of the six new cryptocurrency billionaires born in the past year came from Bitcoin, highlighting Bitcoin's dominance in attracting long-term investors who buy large amounts of assets."
The authors of the report said that with the emergence of many new cryptocurrency millionaires and billionaires, people are paying more attention to which countries have the most friendly cryptocurrency policies.
