Number of Bitcoin millionaires has doubled in one year
According to the Crypto Wealth Report 2024, the number of Bitcoin millionaires worldwide has increased by 111 percent.
The total value of all crypto assets has risen to $2.3 trillion, an increase of 89 percent over last year.
Popular destinations for crypto investors include Singapore, Hong Kong and the UAE, while emerging countries such as Cyprus and Malta are also attracting investors through incentives.
2024 seems to be the year in which Bitcoin really takes off – and not just for existing crypto fans. According to the new Crypto Wealth Report 2024 According to the consulting firm Henley & Partners, the number of Bitcoin millionaires worldwide has increased by 111 percent. In total, there are now 85,400 people who have cracked the million mark thanks to Bitcoin.
According to the analysis, the total value of all crypto assets has increased to 2.3 trillion US dollars (2.06 trillion euros), an increase of 89 percent compared to last year. Particularly exciting is the increase in the number of so-called crypto centi-millionaires, i.e. those who have more than 100 million US dollars in digital coins. Their number has increased by 79 percent to 325.
Singapore and Hong Kong as top destinations for the crypto rich
According to the report, one reason for the boom is the new crypto ETFs that were approved by the US financial regulator last year. These ETFs have brought a wave of institutional money into the market, driving the Bitcoin price to over $73,000 in March – a new record. But Bitcoin is not the only one having its moment. The alternative cryptocurrency Ethereum remains a heavyweight in the digital sector.
It is also interesting to see where these new crypto millionaires are setting up camp. Henley & Partners notes that countries such as Singapore, Hong Kong and the United Arab Emirates (UAE) are particularly popular destinations for crypto investors.
In addition to these major crypto hubs, there are also emerging countries such as Cyprus and Malta, which are also attracting more and more crypto investors through “progressive regulation” and targeted incentives.