Crypto millionaires have doubled in number over the past year – report
The newly released Crypto Wealth Report by a UK company reveals that there are now over 172,000 crypto millionaires worldwide, representing a remarkable 95% increase since 2023. Read Full Article at RT.com.
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The population of people worldwide possessing $1 million or more in crypto assets has surged by 95% since 2023, with a majority investing in Bitcoin, reveals a recent study.
According to the 2024 Crypto Wealth Report by Henley & Partners, a London-based firm specializing in international wealth and investment migration, the total market value of cryptocurrency has jumped by 89% since last year, climbing from $1.2 trillion to $2.3 trillion.
“The cryptocurrency landscape of 2024 bears little resemblance to its predecessors,” stated Dominic Volek of Henley & Partners, highlighting the impact of the “long-awaited approval of spot Bitcoin and Ethereum ETFs [exchange-traded funds]” on the influx of institutional investment.
The document details that as of June 30, 2024, there were 172,300 individuals with crypto assets valued at a minimum of $1 million. Notably, the number of Bitcoin millionaires has escalated by 111% to 85,400.
Furthermore, the report indicates that 325 people now boast crypto holdings over $100 million, marking a 79% increase from the previous year. Additionally, the elite group of crypto billionaires has grown by 27%, now totaling 28 globally.
“Of the six new crypto billionaires created over the past year, five came from Bitcoin, underscoring its dominant position when it comes to attracting long-term investors who buy large holdings,” Andrew Amoils of New World Wealth reported.
Cryptocurrency enthusiast Lark Davis referred to Ethereum as “a keystone asset” in the sector.
Looking ahead, Volek anticipates the approval of Solana ETFs in the US, which he expects will “join the Wall Street party, which will help start a new era of crypto adoption where digital assets increasingly cross-pollinate with traditional finance and global mobility.”
Henley & Partners, which focuses on “residence and citizenship by investment,” notes a marked rise in wealthy crypto investors seeking immigration options this year.
The firm also oversees the Crypto Adoption Index, which evaluates countries based on their receptiveness to cryptocurrency technology. In the 2024 rankings, Singapore, Hong Kong, and the United Arab Emirates occupy the top positions, with the US and the UK completing the top five.
Mathilde Moreau for TROIB News
According to the 2024 Crypto Wealth Report by Henley & Partners, a London-based firm specializing in international wealth and investment migration, the total market value of cryptocurrency has jumped by 89% since last year, climbing from $1.2 trillion to $2.3 trillion.
“The cryptocurrency landscape of 2024 bears little resemblance to its predecessors,” stated Dominic Volek of Henley & Partners, highlighting the impact of the “long-awaited approval of spot Bitcoin and Ethereum ETFs [exchange-traded funds]” on the influx of institutional investment.
The document details that as of June 30, 2024, there were 172,300 individuals with crypto assets valued at a minimum of $1 million. Notably, the number of Bitcoin millionaires has escalated by 111% to 85,400.
Furthermore, the report indicates that 325 people now boast crypto holdings over $100 million, marking a 79% increase from the previous year. Additionally, the elite group of crypto billionaires has grown by 27%, now totaling 28 globally.
“Of the six new crypto billionaires created over the past year, five came from Bitcoin, underscoring its dominant position when it comes to attracting long-term investors who buy large holdings,” Andrew Amoils of New World Wealth reported.
Cryptocurrency enthusiast Lark Davis referred to Ethereum as “a keystone asset” in the sector.
Looking ahead, Volek anticipates the approval of Solana ETFs in the US, which he expects will “join the Wall Street party, which will help start a new era of crypto adoption where digital assets increasingly cross-pollinate with traditional finance and global mobility.”
Henley & Partners, which focuses on “residence and citizenship by investment,” notes a marked rise in wealthy crypto investors seeking immigration options this year.
The firm also oversees the Crypto Adoption Index, which evaluates countries based on their receptiveness to cryptocurrency technology. In the 2024 rankings, Singapore, Hong Kong, and the United Arab Emirates occupy the top positions, with the US and the UK completing the top five.
Mathilde Moreau for TROIB News
