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.

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Hong Kong’s largest virtual bank, ZA Bank, launched a new service allowing retail users to buy and sell Bitcoin and Ethereum directly using fiat.

According to a Nov. 25 statement from the bank, Hong Kong residents need an account with the bank and must undergo a risk assessment before using the new crypto service linked with the bank’s app.

Users can only buy Ethereum ETH
and Bitcoin BTC.

No other cryptocurrencies were mentioned.

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The combined net asset value of 12 US spot Bitcoin ETFs has reached $104 billion. This is almost 5.4% of the entire market capitalization of the flagship cryptocurrency.

If that figure continues to rise, Bitcoin funds could surpass the net asset value of gold ETFs, which were valued at $120 billion as of November 21.

The Bitcoin ETF is now 97% closer to surpassing Satoshi Nakamoto as the largest holder and 82% closer to surpassing the gold ETF , said Eric Balchunas, a stock analyst at Bloomberg Intelligence.

Comparison of Spot BTC ETFs and Gold ETFs
According to Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) has led the way in terms of net inflows since January 2024, with more than $30 billion. The second most popular bitcoin fund is the Fidelity Wise Origin Bitcoin Fund (FBTC), with investors pouring more than $11 billion into the ETF since its launch.

As data from investment giant BlackRock shows, IBIT now holds more assets than the same asset manager's gold ETF, despite the fact that the bitcoin fund was only launched in January 2024.

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