Bitcoin (BTC) Millionaires Increased by 110% in 1 Year Amid Market Surge
The number of crypto millionaires has nearly doubled, reflecting the rising dominance of digital assets globally
According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300
This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous yearâs valuation of $1.2 trillion
Bitcoin Millionaires Rise 111% #CryptoMarketMoves
The report revealed that the number of Bitcoin (BTC) millionaires has grown by 111% to 85,400. The number one cryptocurrency has seen notable advancements this year, including its price reaching an all-time high of over $73,000 in March and the approval of spot Bitcoin ETFs in the U.S
The Henley & Partners survey also highlighted expansion at the upper echelons of wealth. The number of crypto centi-millionaires, those with digital assets exceeding $100 million, has gone up by 79% to 325. Meanwhile, the ranks of virtual currency billionaires have also seen a 27% uptick, totaling 28 globally
Interestingly, Andrew Amoils, Head of Research at New World Wealth, notes that the growth among millionaires has outpaced those with 10-figure fortunes and above, with BTC being a major driver of this trend. âAmong the six new crypto billionaires created in the past year, five are Bitcoin-centric,â he explained
Amidst this increasing wealth, investment migration has become more relevant. Henley & Partnersâ updated virtual asset adoption index revealed that Singapore remains the top destination for investors, scoring 45.7 out of
Hong Kong and the UAE follow closely, both offering favorable conditions such as tax advantages and advanced digital economies.
Global Finance Shift #FinancialUpdates
The report also featured opinions from several experts, with the major theme running through their views being a global financial shift occasioned by virtual currency.
