The cryptocurrency world is buzzing with excitement as the number of crypto millionaires skyrockets. A recent report reveals a 95% increase in individuals holding over $1 million in crypto assets in the past year. This surge is attributed to the rise of Bitcoin ETFs and the increasing value of various cryptocurrencies. The Crypto Wealth Report 2024 estimates a total of 172,300 crypto millionaires worldwide, up from 88,200 the previous year, with Bitcoin millionaires doubling to 85,400. The overall cryptocurrency market value has reached $2.3 trillion, marking an 89% increase. The approval of spot Bitcoin ETFs in major markets has attracted significant institutional investments, driving up interest in Bitcoin. As the crypto market expands, many new millionaires are seeking tax-friendly jurisdictions like Singapore, Hong Kong, and the UAE. This trend reflects a shift in the global financial landscape, with high-net-worth individuals strategically positioning themselves for future wealth accumulation. Read more AI-generated news on: https://app.chaingpt.org/news