Analysis

172,300 Individuals Hold Over $1,000,000 Worth of Crypto Assets, Nearly Doubling in Just One Year: Study

Published

1 year ago

September 2, 2024

The variety of folks proudly owning not less than $1 million in crypto belongings has elevated considerably over the previous yr, in response to a brand new report from worldwide wealth and funding specialist Henley & Companions.

Information from the corporate’s 2024 Crypto Wealth Report shows that as of June 30, there are already 172,300 people worldwide who personal $1 million value of crypto belongings, together with Bitcoin (BTC).

The quantity represents a 95% progress from July 1, 2023.

Crypto millionaires, or these with digital belongings value $100 million, at the moment are quantity 325, up 79% from final yr. The variety of folks proudly owning not less than $1 billion in crypto belongings has elevated by 27% this yr.

The full variety of crypto customers additionally elevated by 32% to 560 million.

The expansion charge of Bitcoin holders is much more spectacular. The variety of folks with $1 million value of the highest crypto asset is now 85,400, up 111%.

The variety of Bitcoin centi-millionaires doubled to 156 and the variety of BTC billionaires grew by 83% to 11.

Dominic Vole, group head of personal shoppers at Henley & Companions say the introduction of crypto exchange-traded funds (ETFs) fueled the fast progress.

“The cryptocurrency panorama of 2024 bears little resemblance to its predecessors. Bitcoin’s rise above $73,000 in March set a brand new file, whereas the long-awaited approval of spot Bitcoin and Ethereum ETFs within the US unleashed a flood of institutional capital.”

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