In 2024, the number of millionaires who have made fortunes from cryptocurrencies has significantly increased. According to a report by Henley & Partners in collaboration with analytical firm New World Wealth, there are now over 241,700 cryptocurrency millionaires in the world. This is a 40% increase compared to the previous year.
This is reported by Finway
Growth of Wealth and the Impact of Bitcoin
The main reason for this growth, experts say, is the rise in the value of Bitcoin, which has led to a record influx of capital into this sector. Among the wealthiest digital asset holders, 36 individuals are billionaires, and 17 of them owe their success directly to Bitcoin.
About 60% of all crypto millionaires have built their wealth specifically through Bitcoin. Additionally, 450 investors already hold more than $100 million in this cryptocurrency, indicating a high concentration of wealth among a relatively small group of market participants.
Total Wealth Volume and the Role of Cryptocurrencies
The total value of the assets of crypto millionaires and billionaires has reached $3.3 trillion, which is a 45% increase compared to last year. The growth dynamics of Bitcoin millionaires is particularly impressive — their numbers have increased by 70% over the year. The authors of the report described this phenomenon as “historic,” pointing to the important role of regulatory changes and the growing institutional acceptance of cryptocurrencies.
Despite such growth rates, cryptocurrency owners remain a minority among the world’s wealthy: their share constitutes only 0.4% of all millionaires worldwide, which UBS estimates to be 60 million. Overall, there are now 590 million users of digital assets globally, corresponding to approximately 7.4% of the world’s population.
JAN3 CEO Samson Mow emphasized: “There is a fundamental difference between traditional and digital monetary systems. While fiat currencies are subject to endless issuance, the number of Bitcoins is capped at 21 million coins.”
According to Mow, this contrast creates a new approach to understanding wealth and forces governments to adapt to the challenges posed by assets that exist outside their control.
It was previously reported that BitMEX co-founder and investment director of the Maelstrom fund, Arthur Hayes, dismissed the theory of the four-year Bitcoin cycle.