The number of people holding at least $1 million worth of crypto assets significantly increased over the past year, according to a new report from international wealth and investment specialists Henley & Partners.
Data from the firm’s Crypto Wealth Report 2024 shows that as of June 30th, there are already 172,300 individuals worldwide who hold $1 million worth of crypto assets, including Bitcoin (BTC).
-->The number represents a growth of 95 from July 1st, 2023.
Crypto centi-millionaires, or those with digital holdings worth $100 million, now number 325, up by 79 from last year. The number of people holding at least $1 billion worth of crypto assets rose by 27 this year.
The total count of crypto users also increased by 32 to 560 million.
The growth rate of Bitcoin holders is even more impressive. The number of people with $1 million worth of the flagship crypto asset is now 85,400, up 111.
Bitcoin centi-millionaires doubled to 156 and the count of BTC billionaires grew by 83 to 11.
Henley & Partners group head of private clients Dominic Vole says the introduction of crypto exchange-traded funds (ETFs) fueled the rapid growth.
“The cryptocurrency landscape of 2024 bears little resemblance to its predecessors. Bitcoin’s rise to over USD 73,000 in March set a new all-time high, while the long-awaited approval of spot Bitcoin and Ethereum ETFs in the USA unleashed a torrent of institutional capital.”
