According to Henley & Partners’ 2024 Crypto Wealth Report, the number of Bitcoin millionaires surged by nearly 111% between 2023 and 2024, reaching 85,400 individuals. This represents 49.6% of all crypto millionaires globally. Additionally, five out of six new cryptocurrency billionaires credit their success to Bitcoin.
Since 2023, the global count of individuals holding at least $1 million in cryptocurrency has increased by 95%, totaling 172,300. Almost half of these are now Bitcoin holders, reflecting a 111% increase from the previous year.
Bitcoin’s rising popularity is further evidenced by the fact that five of the six new billionaires in 2024 owe their fortunes to Bitcoin investments. In total, there are now 28 Bitcoin billionaires, demonstrating Bitcoin’s continued dominance among investors seeking significant returns.
Bitcoin’s Adoption Trends
In the United States, the approval of 11 spot Bitcoin exchange-traded funds (ETFs) has been pivotal in driving Bitcoin adoption. This regulatory shift has encouraged more participation in the crypto market, attracting substantial investment in Bitcoin.
Investors are increasingly favoring regulated investment options like ETFs over traditional exchanges, leading to nearly $20 million being invested in these funds. Countries such as Singapore and the United Arab Emirates have also embraced cryptocurrency through favorable regulations.
For example, the UAE has eliminated capital gains taxes and allows Dubai residents to trade cryptocurrencies directly via their bank accounts. In Singapore, the government has introduced new asset custody guidelines and amended the Payment Services Act to streamline digital payment processes.
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Global Crypto Hubs and Regulatory Impact
Various regions around the world are becoming key centers for cryptocurrency research and investment. Caribbean nations like Antigua, Barbuda, St. Kitts, and Nevis have implemented progressive legislation to attract digital asset entrepreneurs, helping diversify crypto-friendly jurisdictions globally.
Switzerland’s “Crypto Valley” in Zug is a notable example of a strong blockchain ecosystem, showcasing the country’s active support for digital assets. The global trend of embracing cryptocurrencies suggests that digital currencies, especially Bitcoin, are becoming more mainstream.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/over-50-of-crypto-millionaires-attributed-success-to-btc/
