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The number of crypto millionaires has grown by 95% since the beginning of the year ✔️

The number of crypto millionaires has grown by 95% since the beginning of the year ✔️

Nov-26-2024 11:23:25 AM

Henley & Partners experts reported that the ongoing “digital gold rush” is creating a new financial elite whose wealth is based on investments in digital assets.
Henley & Partners said that in previous generations, wealth was mainly created through property and securities. However, today it is coming from Bitcoin, Ethereum, NFTs, initial coin offerings, mining and staking. And in many cases, staggering returns are being made from relatively small amounts of initial capital, Henley & Partners experts noted.

“There are now 172,300 people worldwide who own more than $1 million in crypto assets, up 95% from a year ago. The number of Bitcoin millionaires has grown by 111% to 85,400,” the report says.
The company's analysts reported that against the backdrop of an 89% increase in the capitalization of the crypto asset market, the number of crypto millionaires owning assets worth $100 million or more increased by 79%, to 325 people. The study notes a significant impact.
Bitcoin , which has become the main source of wealth growth for large investors.

“Of the six new crypto billionaires who have reached this level in the last year, five have been helped by Bitcoin, highlighting its dominance in attracting long-term investors buying large assets,” Henley & Partners explained.

In 2024, amid the public acceptance of digital assets and pressure from various government agencies, an increasing number of major crypto investors began to consider alternative options for their residence and citizenship, Henley & Partners said.

According to Henley & Partners, the top three countries in the crypto investor friendly ranking are headed by Singapore, Hong Kong, and the United Arab Emirates. None of these three countries impose capital gains tax, which is a significant advantage, especially for wealthy crypto investors.