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Report Reveals Over 40,000 Crypto Millionaires Worldwide, with Bitcoin Leading the Way

Algoine News
Summary:
Over 40,000 crypto millionaires, primarily holding Bitcoin (BTC), have been identified in a report by Henley & Partners. The report highlights the growing interest among millionaires in cryptocurrencies and their efforts to protect themselves against potential bans and aggressive taxation policies.
More than 40,000 individuals worldwide are believed to be crypto millionaires, with a focus on holding Bitcoin (BTC), according to a report released by London-based firm Henley & Partners. The 'Crypto Wealth Report' states that out of the 88,200 millionaires with crypto holdings, around 40,500 of them have invested in BTC. Additionally, the report highlights that out of 182 individuals who possess over $100 million in crypto, 78 are Bitcoiners. Furthermore, 6 out of 22 traders who own more than $1 billion have accumulated their wealth through Bitcoin trading. The CEO of Henley & Partners, Dr. Juerg Steffen, noted a recent surge in millionaire inquiries regarding cryptocurrencies, potentially motivated by concerns over potential bans or aggressive fiscal policies.

Published At

9/5/2023 9:27:50 PM

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