The number of crypto millionaires has almost doubled since the beginning of the year
Date: 2024-11-26 Author: Henry Casey Categories: CRYPTO PAYMENTS
Henley & Partners experts say that the modern “digital gold rush” is forming a new elite, whose main wealth is created through investments in digital assets.
Henley & Partners note that if real estate and shares used to be the basis of financial success, now it is Bitcoin, Ethereum, NFT, initial coin offerings, mining and staking. Moreover, huge profits are often achieved even with a small initial capital.
According to the company, there are currently about 172,300 people worldwide who own crypto assets worth over $1 million. This is 95% more than last year. The number of Bitcoin millionaires has increased even more impressively - by 111%, reaching 85,400 people.
In addition, the overall increase in crypto market capitalization by 89% has led to an increase in the number of crypto investors with assets worth more than $100 million. Their number has increased by 79%, and now there are 325 people. Experts call Bitcoin the main driver of growth, which remains a key tool for large market players.
Over the past year, six new crypto billionaires have joined the list of the world's rich, and five of them owe their success to Bitcoin. This emphasizes its leading position in the market and its attractiveness for long-term investors who prefer large assets.
At the same time, more and more wealthy crypto investors are thinking about changing their place of residence and citizenship. Pressure from government agencies and the growing acceptance of digital assets in society encourage them to look for countries with favorable living conditions.
According to Henley & Partners, Singapore, Hong Kong, and the UAE remain the most favorable countries for crypto investors. These states do not impose capital gains taxes, making them particularly attractive to owners of significant crypto assets.
