From the Digifinex blog.
A recent report by UK investment immigration consultancy Henley & Partners reveals eye-opening data on the number of crypto millionaires globally, along with insights into crypto-friendly countries.
The Numbers Speak
According to the report, there are 88,200 individuals worldwide holding cryptocurrency assets worth more than $1 million USD. Of these, 182 people own assets exceeding $100 million, and a select 22 individuals have portfolios above $1 billion.
（Image via Henley & Partners）
Dominance of Bitcoin
Out of these crypto millionaires, 40,500 own Bitcoin worth more than $1 million. 78 people have Bitcoin holdings exceeding $100 million, and just 6 individuals possess Bitcoin valued over $1 billion.
User Base and Market Cap
The total number of cryptocurrency users has reached 425 million, with a total market capitalization of $1.18 trillion USD.
Strategies to Protect Assets
Juerg Steffen, CEO of Henley & Partners, mentions that traders, miners, investors, and crypto entrepreneurs are exploring investment immigration strategies to protect their interests, especially from potential future bans on crypto trading in their home countries.
Growing Recognition and Security
Cybersecurity expert Ali Khan notes that an increasing number of jurisdictions are recognizing the legitimacy of cryptocurrency wealth and are putting secure storage mechanisms in place.
Crypto-Friendly Countries
Singapore tops the list of crypto-friendly countries with a score of 50.2 out of 60, followed by Switzerland, the United Arab Emirates, Hong Kong, and the United States. The report also assessed countries based on “tax advantages” and public adoption rates for cryptocurrencies.
（Image via Henley & Partners）
Conclusion
With the rise in crypto millionaires and the increasing acceptance by different jurisdictions, cryptocurrencies are no longer a fringe asset class but a mainstream investment option.
Keywords: Crypto Millionaires, Henley & Partners, Bitcoin, Cryptocurrency, Juerg Steffen, Ali Khan, Singapore, Switzerland, United Arab Emirates, Hong Kong, United States, Market Capitalization, Crypto-Friendly Countries, Tax Advantages, Public Adoption
The post The Rise of Crypto Millionaires: Global Stats and Emerging Trends appeared first on DigiFinex News.
This article came directly from the Digifinex blog, found on https://blog.digifinex.com/2023/09/10/the-rise-of-crypto-millionaires-global-stats-and-emerging-trends/
