A study finds that the number of crypto millionaires and centi-millionaires surged significantly compared to 2023.
To date, 325 holders have crypto holdings worth $100 Million.
The launch of ETFs and other products significantly boosts the surge in millionaires.
The growing popularity of cryptocurrencies has attracted traditional financial giants like BlackRock and individual investors, who are increasingly investing in digital assets.
As per a recent report by New World Wealth and Henley & Partners, the number of cryptocurrency millionaires grew significantly globally in 2024. Thousands of new individuals debunk the list of digital asset millionaires every year.
Earlier in 2023, the total number of users holding cryptocurrencies above $1 Million was 88,200; however, the number doubled in 2024, reaching 172,300. In the same duration, the number of Bitcoin holders also grew and reached 85,400.
The report also notes that users holding crypto worth $100 Million grew to 325 individuals, and currently, there are 28 crypto Billionaries worldwide.
It is crucial to note that the report highlights that the launch of Bitcoin spot ETF and other recently launched crypto products have especially backed the surge in the count of millionaires and centi-millionaires.
The popularity of digital assets in developed nations like the United States and others has sent a positive sentiment over the broader finance space.
Some other available data states that Bitcoin is one of the most adopted cryptocurrencies globally, followed by Ethereum and Tether.
Top Bitcoin Holders
According to River Intelligence, Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is the wealthiest individual in terms of crypto holdings. Satoshi holds approximately 1.1 Million BTC worth billions of dollars as of writing.
The creator of Bitcoin has stored their digital assets holdings in 22,000 different wallets.
Tim Draper, the founder of Draper University, bought 40k Bitcoins using Mt Gox Exchange; however, soon after the purchase, they lost the BTCs in a hack. Later, in 2014, he again pilled up 22 656 Bitcoins at an average price of $632 per BTC. Draper’s total holdings are valued at approximately $1.42 Billion as of writing.
The Chairman of MicroStrategy, Michael Saylor revealed in 2020 that he personally holds 17,732 Bitcoins; his company is one the leading institutions holding BTCs. Saylor remains in the spotlight for his pro-crypto approach and statements.
Tyler and Cameron Winklevoss, Gemini’s twin brothers and creators, personally hold approximately 70,000 Bitcoins worth over $4.39 Billion as of press time. As per market experts, the purchase was followed by the settlement in the tussle from Facebook.
In terms of institutional holdings, Binance holds 248,597 Bitcoin in thousands of cold wallets. Arkham Intelligence claims that Robinhood controls 118,300 BTC worth over $7 Billion till press time.
Crypto Market Price Updates
The fear and greed index powered by CoinMarketCap is at 54, reflecting neutrality. However, the crypto market cap fell over 1.82%, reaching $2.21 Trillion. The broader crypto market has mirrored several milestones, including Bitcoin reaching its all-time high in March 2024.
Source: TradingView
Until publishing, Bitcoin was trading at $62,376, with a steep decline of 1.54% intraday. Despite the decline, its current prices are trading above 20,50,100, and 200 days EMA.
Bitcoin improved its dominance in YTD with a growth of 11.52%; it now dominates 57.53% of the entire market. However, the market cap of BTC grew 5.65% in a week, reaching $1.24 Trillion.
