Report: Bitcoin millionaires surge 111%, racing toward 90,000

Source: bitcoinist

Translation: Blockchain Knight

From 2023 to 2024, the number of BTC "millionaires" surged by nearly 111%, reaching 85,400 in 2024 and accounting for 49.6% of all cryptocurrency asset millionaires.

Henley & Partners revealed in its Crypto Asset Wealth Report 2024 that five out of six newly minted billionaires this year attribute their success to BTC.

Since 2023, the global number of individuals holding at least $1 million in cryptocurrency assets has surged by 95%, reaching 172,300 people.

BTC millionaires now represent nearly 50% of the world's total cryptocurrency millionaires, an increase of just over 111% compared to the previous year.

Five of the new billionaires built their fortunes through BTC. In 2024, six additional billionaires joined the ranks.

This brings the total number of BTC billionaires to 28, highlighting how popular BTC is within the digital world.

As more investors witness the substantial returns BTC can generate, they are adding it to their investment portfolios, making BTC the most popular way to build wealth.

For example, in the United States, the approval of 11 spot BTC ETFs has significantly boosted BTC adoption.

The rise in BTC millionaires may be linked to regulatory changes worldwide that have encouraged greater participation in and investment into the cryptocurrency market.

Data shows investments in these ETFs have approached $20 million, as some investors appear to favor regulated funds over traditional exchanges.

In several other countries, such as Singapore and the United Arab Emirates (UAE), similarly open policies have promoted cryptocurrency adoption.

The UAE has eliminated capital gains tax and allows Dubai residents to directly trade cryptocurrencies using bank accounts.

The Singaporean government has taken bold steps in regulating digital assets, not only issuing new custody guidelines but also amending the Payment Services Act, with the updated version serving particularly well as a digital payments bill.

In reality, other international regions have also become key hubs for cryptocurrency research and investment.

Caribbean nations such as Antigua and Barbuda, and Saint Kitts and Nevis, have introduced progressive legislation welcoming digital asset entrepreneurs, further diversifying the global landscape of crypto-friendly jurisdictions.

Zug's "Crypto Valley" stands as strong evidence—Switzerland has effectively established a robust blockchain ecosystem and is actively advancing digital asset development.