The number of BTC "millionaires" climbed nearly 111% from 2023 to 2024, reaching 85,400 in 2024, accounting for 49.6% of all Crypto asset millionaires.
Henley and Partners revealed in its 2024 Crypto Asset Wealth Report that five of the six new billionaires this year attribute their success to BTC.
The number of people holding at least $1 million in Crypto assets has surged 95% since 2023, reaching 172,300.
BTC millionaires now account for nearly 50% of the total number of Crypto asset millionaires worldwide, up a little more than 111% from the previous year.
Five of the new billionaires got their start in BTC. In 2024, six more billionaires made the list.
This brings the total number of BTC billionaires to 28, which shows how popular BTC is in the digital world.
As more and more investors see that BTC can bring such lucrative profits, they add BTC to their portfolios. This makes BTC the most popular way to make money.
For example, in the United States, 11 spot BTCETFs have been approved, which has greatly promoted the application of BTC.
The increase in BTC millionaires may be related to regulatory changes around the world that have promoted greater participation and more investment in the Crypto asset market.
Data shows that the investment volume of these ETFs is close to $20 million, as some investors seem to prefer regulated funds rather than traditional exchanges.
In some other countries, such as Singapore and the United Arab Emirates (UAE), the use of Crypto assets has also been promoted through very open policies.
The UAE has abolished capital gains tax and allows Dubai residents to trade Crypto assets directly using bank accounts.
The Singapore government has taken a very bold step in regulating digital assets, not only issuing new asset custody guidelines, but also amending the Payment Services Act, making the updated version particularly suitable as a digital payment bill.
In fact,some other international regions have also become key centers for Crypto asset research and investment.
Caribbean countries such as Antigua, Barbuda, and St. Kitts and Nevis have also proposed progressive legislation to welcome digital asset entrepreneurs, making the global landscape of Crypto-friendly jurisdictions more diverse.
Zug’s “Crypto Valley” is a good proof that Switzerland has actually formed a fairly strong blockchain ecosystem and is actively promoting the development of digital assets.
In Singapore, a poker game among crypto enthusiasts turned into a heist with robbers, knowledgeable about cryptocurrency, stealing over 4.34 million SGD, hinting at an inside job.
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