
Author: Robert Frank, CNBC; Compilation: Baishui, Bitchain Vision
summary
-
According to a new report, the number of global crypto millionaires has soared 95% over the past year as Bitcoin ETFs and other crypto assets climb.
-
According to reports from New World Wealth and Henley & Partners, 172,300 people worldwide currently hold more than $1 million in crypto assets.
-
The number of pure Bitcoin millionaires has more than doubled to 85,400.
-
This surge reflects the rapid growth of Bitcoin ETFs, which has over $50 billion in assets since its launch in January.
According to a new report,The number of global crypto millionaires has soared 95% over the past year as Bitcoin exchange-traded funds and other crypto assets climbed.
According to reports from New World Wealth and Henley & Partners,There are currently 172,300 people holding more than $1 million in crypto assets worldwide, up from 88,200 last year.The number of pure Bitcoin millionaires has more than doubled to 85,400.
The ranks of crypto-rich people have been rising all the way to the top of the wealth ladder.The report stated thatThere are currently 325 crypto multimillionaires (holding $100 million or more in crypto assets) and 28 crypto billionaires.
The surge reflects the rapid growth of Bitcoin ETFs, which has over $50 billion in assets since its launch in January and has triggered a wave of institutional participation.
Bitcoin’s price has risen 45% this year to about $64,000.Henley & Partners said that as the value of other currencies rises, the market value of crypto assets has increased from $1.2 trillion last summer to $2.3 trillion.
Of the six new crypto billionaires born in the past year, five can attribute their new wealth to Bitcoin,“This highlights Bitcoin’s dominance in attracting long-term investors who buy a large amount of assets,” said Andrew Amoils, head of research at New World Wealth.
According to Forbes, the third consecutive year that has become the richest crypto billionaire is Changpeng Zhao, founder and former CEO of cryptocurrency exchange Binance, whose value is estimated at $33 billion.Zhao Changpeng pleaded guilty to U.S. money laundering charges in November and agreed to pay a $50 million fine.His wealth has soared over $10.5 billion over the past year.
The second place is Coinbase co-founder Brian Armstrong.
According to Forbes, his net worth is estimated at $11 billion.According to the list, it is followed by Tether’s chief financial officer Giancarlo Devasini and MicroStrategy co-founder Michael Saylor.
Granted, many crypto assets are still below their 2021 highs, and Bitcoin’s recent rise basically marks a rebound to this level for three years.Crypto assets reached a market capitalization of $3 trillion in November 2021.
However, with the help of a sales team of 15,000 brokers in Morgan Stanley, the increasing acceptance of crypto assets by large asset managers such as BlackRock and Fidelity, which could further boost the large cryptocurrency holders’Wealth creation.
Cryptocurrencies will not only create more millionaires and billionaires, but will also change the places where the rich live and work.Henley & Partners saidMany cryptocurrency Xinfu are looking to move to tax-friendly and crypto-friendly jurisdictions.
“We have seen a significant increase in the number of cryptocurrency wealthy clients seeking alternative places of residence and citizenship options,” said Dominic Volek, head of private account at Henley & Partners.
To better advise new cryptocurrency wealthy people, Henley has created a “cryptocurrency adoption index” that ranks cryptocurrency based on how countries tax and regulate them.Henley saidSingapore ranks first in the index due to its “supportive banking system, massive investments, comprehensive regulations such as the Payment Services Act, regulatory sandboxes, and consistency with global standards.”
Hong Kong ranks second, followed by the United Arab Emirates and the United States.According to the report, in the U.S., 15% of the population owns cryptocurrency.“This is thanks to strong infrastructure, high-density cryptocurrency ATMs, crypto-friendly banks and an increasing number of businesses that accept cryptocurrencies,” the report said.