Number of Crypto Millionaires Soars 95% in Past Year
The number of individuals with at least $1 million in crypto assets has surged dramatically over the past year, according to the latest Crypto Wealth Report from Henley & Partners.
As of June 30th, the report reveals that there are 172,300 people globally holding $1 million or more in cryptocurrency, marking a 95% increase from July 2023.
The number of “centi-millionaires,” or those with $100 million in crypto, has risen by 79% to 325. Meanwhile, those with $1 billion or more in crypto assets saw a 27% increase this year. Overall, the total number of crypto users has grown by 32% to 560 million.
READ MORE: Trader Warns of Continued Bitcoin Downtrend Amid Lack of Major Buyers
Specifically for Bitcoin (BTC), the number of millionaires has jumped 111% to 85,400. Bitcoin centi-millionaires have doubled to 156, and BTC billionaires have increased by 83% to 11.
Dominic Vole, Henley & Partners’ group head of private clients, attributes this surge to the introduction of crypto exchange-traded funds (ETFs).
He highlights Bitcoin’s price peak above $73,000 in March and the approval of spot Bitcoin and Ethereum ETFs in the USA as key factors driving institutional investment into the crypto market.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
