Between 2023 and 2024, the number of Bitcoin millionaires climbed by almost 111%, reaching 85,400 or 49.6% of all crypto millionaires in 2024. Regarding cryptocurrency billionaires, five of the six newcomers this year also trace their success to Bitcoin, Henley & Partners disclosed in its 2024 Crypto Wealth Report.

The Emerging Tide Of Crypto Millionaires And Billionaires

Since 2023, the number of people worldwide holding at least $1 million in crypto assets has surged by 95%, reaching 172,300. Bitcoin millionaires now make up nearly 50% of all cryptocurrency millionaires globally, reflecting an increase of just over 111% from the previous year.

Five of the new billionaires got their start with Bitcoins. Six more billionaires joined the list in 2024. This brings the total number of bitcoin billionaires to 28, showing how popular Bitcoin is in the digital world. As more investors see how profitable this choice could be, they add it to their portfolios. This makes Bitcoin the most popular way to make money.

Source: Henley & Partners

Developments In The Adoption Of Bitcoin

In the United States, for example, the approval of 11 spot Bitcoin ETFs has contributed to this, significantly fueling the adoption of Bitcoin. The rise in Bitcoin millionaires can be linked to regulatory changes around the world that have fostered greater participation and more investment in the cryptocurrency market.

The numbers show close to $20 million in investment in those ETFs because some investors appeared to prefer regulated funds over traditional exchanges. Other

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Author: Christian Encila