Remember when Bitcoin was thought to be just a passing fad? By 2024, the doubters have been proven wrong once and for all. Because today, it is one of the most popular assets in the investment field and, along with numerous other cryptocurrencies that have emerged since then, has benefited a huge number of people. Become a millionaire around the world.
It is estimated that there are currently 172,300 individuals around the world who hold crypto assets worth more than US$1 million. This is a staggering 95% increase in the last year alone. Of these, the number of Bitcoin millionaires increased by 111% to 85,400.
This statistic was recently revealed by the Crypto Wealth Report, published this month by Henley & Partners, a leading expert in international wealth and investment migration, and found that cryptocurrencies have been exposed to their characteristic market volatility. Yet, from BTC to XMR, they are here to stay and are now considered more valuable investments than ever before.
The total market value of crypto assets has risen to $2.3 trillion, marking an 89 percent increase compared to the $1.2 trillion reported in the company's first report last year. The richest crypto holders have amassed a fortune of $100 million or more, an increase of 79 percent to 325.
Perhaps even more impressively, some individuals have amassed crypto-related wealth well in excess of six figures, with 28 crypto millionaires worldwide today, and that number set to skyrocket over the next five years. It is expected that.
Dominik Volek, Head of Private Clients at Henley & Partners, said the introduction of crypto ETFs in major financial markets has driven rapid growth and led to significant institutional capital inflows. “The crypto landscape in 2024 bears little resemblance to the crypto landscape of previous years. While Bitcoin rose above USD 73,000 in March, setting a new all-time high, The approval of the Spot Bitcoin and Ethereum ETFs led to a surge in institutional capital. These milestones are now raising hopes that the Solana ETF could join Wall Street. We have sown the seeds of a new era of cryptocurrency adoption that increasingly interacts with global mobility.”
The Crypto Wealth Report 2024 includes exclusive statistics on crypto and Bitcoin millionaires, centi-billionaires, and billionaires from global wealth intelligence firm New World Wealth, as well as top-notch It includes insights from academics, industry experts, and crypto players, as well as the latest reports. The 2024 version of the Henry Crypto Adoption Index compares the best residency and citizenship for each investment program for crypto investors.
Andrew Amoyles, head of research at New World Wealth, said that while the billionaire group's performance was the best over the past year, the increase in billionaires was much lower, largely due to Bitcoin. He said that he was given a “Of the six new crypto billionaires created in the past year, five are from Bitcoin, and Bitcoin dominates in terms of attracting long-term investors who buy large holdings. “It has become clear that Japan occupies a prestigious position,” he explained.
The cryptocurrency market continues to evolve, but this may be just the beginning considering the number of people who will be making millions and even billions from it in the coming years. Searches for “online crypto exchanges” on Google are at an all-time high, with new and experienced investors alike looking to dip their toe into this fast-growing field. Several of our platforms are seeing an influx of new users. And claim your own slice of the pie.
No matter how you look at it, investors are getting younger and younger, and it's commonplace for Gen Z to own cryptocurrency wallets that could be worth huge sums in the coming years. The majority of these are still learning the ropes, but if you understand how the market works and can create an informed strategy and a diversified portfolio to mitigate potential losses, there is no limit to the amount of crypto assets you can hold. It will disappear. It is likely to increase over the next 30-40 years. And over time, they will likely become the richest crypto-owning generation ever.
So the big question on everyone's mind is, is it really just about Bitcoin, or are altcoins catching up?
Well, there's no denying that the original pioneers of the cryptocurrency space are still world market leaders, but what makes Ethereum another important player that shouldn't be overlooked by anyone looking to build long-term wealth? I have proven it many times.
Lark Davis, crypto investor and founder of Wealth Mastery said: The majority of things built in cryptocurrencies are built on top of Ethereum, or are bridges that bring liquidity back to Ethereum. ”
This is an insight that highlights the complex ecosystem that has developed around cryptocurrencies, going far beyond simple alternative currencies, and why crypto investors want to keep Bitcoin in their digital wallets at all times. While we're thinking about it, it shows that we shouldn't be afraid to look to alternative currencies. .
Disclaimer: Investing money involves risk. Please do so at your own risk. We recommend that you never invest more money than you can afford to lose and that you seek professional advice before investing.
