9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
2024 has been a particularly sensitive year for cryptocurrency investors; It was marked by different important events that determined the prices of different tokens and put an end
2024 has been a particularly sensitive year for cryptocurrency investors; It was marked by different important events that determined the prices of different tokens and put an end to Bitcoin’s desert journey in 2023.
The number of millionaires with wealth based on crypto assets, according to the new edition of The Crypto Wealth Report 2024 prepared by consultancy firm Henley & Partners increased rapidly in 2024It increased by 95% according to 2023 data.
The Henley & Partners report considers anyone with more than $1 million in assets invested in crypto assets to be a crypto millionaire. As part of this evaluation, the study counted a total of 172,300 people worldwide. This represents a 95% increase compared to the 88,200 people who registered in the 2023 edition.
But while it is true that the segment that grew the most was the “base of the top million dollars”, it was segments with wealth of more than a hundred million dollars (centi-millionaires) and segments with wealth of more than a billion dollars (billionaires). Investments in cryptocurrencies also increased last year.
Much of this increase is due to the upward trend recorded by Bitcoin, the most recognized cryptocurrency in the world. According to the report, millionaires who base their wealth on this cryptocurrency have increased by 111% since 2023.
This largely responds to several factors that have driven the Bitcoin price throughout the year: the approval of Bitcoin ETFs in January and the halving in April, when Bitcoin mining rewards were halved. In addition to all this, these events were met with great success with the launch of Ethereum ETFs in July. All of this contributed to the Bitcoin price reaching an all-time high of $73,000 in March.
“The all-time high for Bitcoin and the anticipated approval of ETFs have unleashed a flood of institutional capital,” Henley & Partners analysts explain in their report, citing the involvement of major investment funds such as BlackRock in the cryptocurrency market. and Morgan Stanley. This capital injection played a key role in the normalization of Bitcoin and other cryptocurrencies in the global financial ecosystem.
According to the 2024 report, the total market value of cryptocurrencies reached 2.3 trillion dollars, an increase of 89% from the 1.2 trillion dollars recorded in the 2023 report.
There has been a significant increase in the number of millionaires holding more than $100 million in cryptocurrency in 2024. Specifically, it increased by 79% last year to: Total 325 peopleOf these, 156 are centillionaires due to their bitcoin investments alone.
This means that the number of Bitcoin centillionaires has increased by 100% since there were only 78 people with assets over $100 million in 2023.
Cryptocurrency billionaires increased at a lesser rate, but still grew by 27%, adding a total of 28 people, six more than in 2013.
It is noteworthy that almost all of the new billionaires of 2024 will come from investments in Bitcoin; While we have only six billionaires in 2023, we see this number rising to 2024. 11 billionaires who will make all their investments in bitcoin in 2024. That is, 83 percent annual growth
in Xataka | There are 22 cryptocurrency billionaires in the world. Only six of them want to invest in Bitcoin
Image | Unsplash (Erling Løken Andersen)
Source: Xataka
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
