The number of Bitcoin millionaires globally surged by 111% over the past year, with 85,000 individuals now holding over $1 million in BTC, according to a new wealth survey. The Crypto Wealth Report 2024 by Henley and Partners reveals that by July 30 this year, the number of people with more than $1 million in Bitcoin more than doubled to 85,400.
This growth wasn’t limited to Bitcoin holders. The report notes that 172,300 people worldwide now possess over $1 million in cryptocurrency, a 95% increase from 88,200 a year ago.
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The upper echelons of crypto wealth also saw significant growth. The number of crypto centi-millionaires – those holding over $100 million in crypto – rose by 79% to 325. Additionally, six new crypto billionaires emerged in the past year, bringing the total number of nine-figure crypto holders to 28.
The report, which rounded millionaire statistics to the nearest hundred, measured growth between July 1, 2023 and June 30, 2024. These figures are based on a combination of in-house wealth tier models and open-source information from major crypto platforms like CoinMarketCap, Binance, BscScan and Etherscan.
Andrew Amoils, head of research at New World Wealth, highlighted that while the crypto “millionaire band” saw the highest growth, Bitcoin was the primary driver behind the increase in billionaires. Amoils noted, of the six new crypto billionaires created over the past year, five came from Bitcoin, underscoring its dominant position in attracting long-term investors with large holdings.
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Bitcoin’s price has risen 142% in the last year, climbing from $26,100 on August 27 last year to $63,100 at the time of publication, according to TradingView data.
Dominic Volek, head of private clients at Henley and Partners, attributed the rapid increase in new millionaires and the broader crypto rally to the introduction of spot Bitcoin exchange-traded funds (ETFs).
On August 26, spot Bitcoin products saw over $200 million in fresh inflows, marking the largest single-day inflow in the past 35 days.
Cre: cointelegraph
I’m Jessi Lee, currently living in Singapore. I am currently working as a trader for AZCoin company, with 5 years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
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