Key facts: Most of the new cryptocurrency millionaires are bitcoin investors. The richest crypto billionaire is Changpeng Zhao, the Binance founder who is in prison in the US. Big crypto investors have had very positive results in the almost 8 months of 2024, as according to a report by Henley & Partners, the number of crypto millionaires has skyrocketed by approximately 100%. As noted in the study published on August 27, 172,300 people worldwide are currently classified as “crypto millionaires.” The figure represents a growth of 95% compared to last yearwhen cryptocurrency millionaires were estimated at 85,400. The report adds that the number of people who own cryptocurrencies worth more than USD 100 million (centimillionaires) has increased by 79%reaching 325 globally. This, while the cohort of billionaires (those who own billions) has experienced an increase of 27%, adding 28 more people worldwide during 2024. The firm highlights that most of these new cryptocurrency millionaires They are investors of bitcoin (BTC). In fact, the millionaires of the currency created by Satoshi Nakamoto grew by 111%while the number of centimillionaires increased by 100% and the number of billionaires by 83%.
Of the new crypto billionaires, the majority are from bitcoin, underlining its dominant position when it comes to attracting long-term investors who buy large stakes. New World Wealth and Henley & Partners report.
Among the reasons that explain «the explosive growth of cryptocurrency millionaires» is The rally experienced by BTC mainly at the beginning of the year, which led the digital currency to record a new historical high when it was quoted at USD 73,000 last March.
Most new millionaires invest in bitcoin. Source: New World Wealth and Henley & Partners. The price rise of bitcoin was experienced with an effervescent feeling during the first months of 2024. It was driven by the approval of Bitcoin ETFs in January, and by the halving in April, and then boosted by the launch of Ethereum ETFs in late July. “Bitcoin’s new all-time high and the long-awaited approval of Bitcoin and Ethereum spot ETFs in the United States sparked a a torrent of institutional capital«, say analysts at Henley & Partners, also citing the current expectation for the possible incorporation of Solana ETFs «to the Wall Street party.» This is how the main 2024 milestones that have marked A new era in cryptocurrency adoptionbringing the ecosystem ever closer to traditional finance. These are facts that have generated an unusual level of acceptance of cryptocurrencies among large asset managers, such as BlackRock, Fidelity and Morgan Stanley, among others. Consequently, it is expected that «this sales force of more than 15,000 brokers will guide large cryptocurrency holders to greater wealth creation.» In this way, it is expected that the number of cryptocurrency millionaires will increase. keep growing in the remaining four months of 2024It should be recalled that, according to Forbes data, the richest cryptocurrency billionaire (for the third year in a row) is Changpeng Zhao, the founder and former CEO of Binance. His fortune It is estimated at 33 billion dollars. As BitcoinDynamic reported, Zhao pleaded guilty to money laundering charges in the United States last November and agreed to pay a $50 million fine. He is currently serving a 4-month prison sentence. Despite this, his crypto wealth has skyrocketed by more than $10.5 billion from 2023.