Crypto Millionaires Surge 95%, Adding 84,000 New Millionaires as Bitcoin Rally Boosts Wealth

Aug 27, 2024, 12:41 PM

The number of crypto millionaires has surged significantly over the past year, driven by a rally in Bitcoin and the introduction of Bitcoin ETFs. According to a report by Henley and Partners, the population of individuals holding over $1 million in cryptocurrencies increased by 95%, reaching 172,300 worldwide. Specifically, Bitcoin millionaires have more than doubled, with 85,400 people now holding over $1 million in Bitcoin, marking a 111% increase. This growth includes over 84,000 new crypto millionaires and has also led to the creation of 28 new crypto billionaires. The rise in crypto millionaires is attributed to the growing acceptance and investment in Bitcoin and other crypto assets.