According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300.<\/p>\n
This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year\u2019s valuation of $1.2 trillion.<\/p>\n
The report revealed <\/a>that the number of Bitcoin (BTC) millionaires has grown by 111% to 85,400.\u00a0The number one cryptocurrency has seen notable advancements this year, including its price reaching<\/a> an all-time high of over $73,000 in March and the approval of spot Bitcoin ETFs in the U.S.<\/p>\n The Henley & Partners survey also highlighted expansion at the upper echelons of wealth. The number of crypto centi-millionaires, those with digital assets exceeding $100 million, has gone up by 79% to 325.\u00a0Meanwhile, the ranks of virtual currency billionaires have also seen a 27% uptick, totaling 28 globally.<\/p>\n Interestingly, Andrew Amoils, Head of Research at New World Wealth, notes that the growth among millionaires has outpaced those with 10-figure fortunes and above, with BTC being a major driver of this trend. \u201cAmong the six new crypto billionaires created in the past year, five are Bitcoin-centric,\u201d he explained.<\/p>\n Amidst this increasing wealth, investment migration has become more relevant. Henley & Partners\u2019 updated virtual asset adoption index revealed that Singapore remains<\/a> the top destination for investors, scoring 45.7 out of 60.<\/p>\n Hong Kong and the UAE follow closely, both offering favorable conditions such as tax advantages and advanced digital economies.<\/p>\n The report also featured opinions from several experts, with the major theme running through their views being a global financial shift occasioned by virtual currency.<\/p>\n Ant\u00f3nio Henriques, CEO of Bison Bank, emphasized the transformative effect of such assets on global finance, stating, \u201cWe are entering a new era where digital assets are challenging the dominance of traditional fiat currencies.\u201d<\/p>\n Coinshare co-founder Jean-Marie Mognetti supported Henriques\u2019 view, noting that the SEC\u2019s approval<\/a> of spot Bitcoin ETFs is facilitating broader institutional engagement.<\/p>\n Furthermore, Henry Burrows, the top executive at Hoptrail, highlighted a shift in wealth generation, observing that contemporary wealth is increasingly coming from virtual assets rather than traditional investments.<\/p>\n Another financial expert, Lark Davis, founder of Wealth Mastery, spoke of Ethereum\u2019s pivotal role in the sector, while Guneet Kaur of Cointelegraph pointed out the growing importance of stablecoins as a reliable investment during market fluctuations.<\/p>\n The post Bitcoin (BTC) Millionaires Increased by 110% in 1 Year Amid Market Surge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" According to the Crypto Wealth Report 2024 by Henley & Partners, the number of individuals holding over $1 million in digital assets has soared by 95% to 172,300. This comes amidst a growth in the crypto market, which has seen its total value rise to $2.3 trillion, marking an 89% increase from the previous year\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":3002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3001"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3001"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/3002"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Global Finance Shift<\/h2>\n