172,300 Individuals Hold Over $1,000,000 Worth of Crypto Assets, Nearly Doubling in Just One Year: Study
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.”
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The post 172,300 Individuals Hold Over $1,000,000 Worth of Crypto Assets, Nearly Doubling in Just One Year: Study appeared first on The Daily Hodl.
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Author: Rhodilee Jean Dolor
