From 2023 to 2024, the number of Bitcoin (BTC) millionaires skyrocketed by nearly 111%, reaching a total of 85,400 individuals by 2024, which represents 49.6% of all crypto asset millionaires.
According to Henley and Partners’ “2024 Crypto Assets Wealth Report,” five of the six new billionaires this year credited their success to BTC. Since 2023, the global count of individuals holding at least $1 million in crypto assets has surged by 95%, totaling 172,300.
BTC millionaires now constitute nearly 50% of the global crypto millionaire population, reflecting a growth of over 111% compared to the previous year. Among the new billionaires, five built their fortunes through BTC, bringing the total number of BTC billionaires to 28, underscoring its prominence in the digital landscape.
As more investors recognize the substantial profits BTC can generate, its appeal as a lucrative investment option has intensified. For instance, in the United States, the approval of 11 spot BTC ETFs has significantly boosted BTC adoption.
The increase in BTC millionaires may also be linked to regulatory changes worldwide that encourage greater participation and investment in the crypto asset market. Recent data reveals that investments in these ETFs have approached $20 million, with many investors favoring regulated funds over traditional exchanges.
Countries like Singapore and the United Arab Emirates (UAE) have similarly fostered crypto asset usage through open policies. The UAE has eliminated capital gains tax and allows Dubai residents to trade crypto assets directly via bank accounts. Meanwhile, Singapore has taken bold steps in regulating digital assets, introducing new asset custody guidelines and revising the Payment Services Act to enhance its framework for digital payments.
Moreover, several international regions have emerged as key hubs for crypto asset research and investment. Caribbean nations such as Antigua, Barbuda, Saint Kitts, and Nevis have proposed progressive legislation to attract digital asset entrepreneurs, diversifying the landscape of crypto-friendly jurisdictions.
Switzerland’s “Crypto Valley” in Zug exemplifies this trend, showcasing a robust blockchain ecosystem that actively promotes the development of digital assets.
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