- Rapid Growth of the Crypto Market
- Increase in Bitcoin Millionaires and Billionaires
- Emerging Crypto Hubs and Trends
According to the “2024 Crypto Asset Report” published by Henley & Partners, the number of individuals with crypto assets worth over $1 million has increased by 95%, reaching 172,300 worldwide.
Rapid Growth of the Crypto Market
This increase is a clear indication of the rapid growth in the crypto market, which has a total value of $2.3 trillion, an 89% increase compared to last year.
Increase in Bitcoin Millionaires and Billionaires
The report highlights a significant increase in Bitcoin millionaires, with their number increasing by 111% to 85,400. Moreover, the number of crypto billionaires has also increased globally, rising to 28. Bitcoin investments have been the primary driver behind this increase, with five of the six new billionaires coming from Bitcoin owners.
Emerging Crypto Hubs and Trends
In addition, the number of centi-millionaires with assets over $100 million increased by 79%, reaching a total of 325. The report also highlights the increasing tendency for crypto-rich people to reside in countries that offer favorable tax and regulatory environments. Singapore continues to dominate as the world’s leading crypto hub thanks to its strong technological innovation and regulatory framework. The United Arab Emirates (UAE) also ranks high, with its particularly significant tax advantages.
"The crypto millionaires of 2024 are not content with digital wealth alone; they are looking for the freedom of global mobility to match their borderless wealth," said Dominic Volek, Head of Private Clients at Henley & Partners.
