Bitcoin Millionaires Surge 111% to 84,000 as ETFs Fuel Growth

Aug 27, 2024, 01:40 PM

The number of Bitcoin millionaires has surged significantly over the past year, with reports indicating a 111% increase. This growth is attributed to the Bitcoin rally, which has led to the creation of over 84,000 new crypto millionaires. As of mid-year, more than 85,400 individuals held Bitcoin worth over $1 million, according to Henley & Partners. Additionally, the ranks of crypto-millionaires globally have almost doubled, reaching 172,300, while there are 28 crypto billionaires worldwide, according to Fox Business. The explosive growth in crypto wealth, which surged 95%, is partly fueled by Bitcoin ETFs.