Over 40,000 Bitcoin Millionaires Worldwide, Says Henley & Partners Report

Over 40,000 Bitcoin Millionaires Worldwide, Says Henley & Partners Report


A report from Henley & Partners, a London-based investment migration consultancy firm, indicates that there are over 40,000 Bitcoin millionaires worldwide.

The "Crypto Wealth Report," released on September 5th, by Henley & Partners, indicates that there are approximately 88,200 millionaires globally who possess cryptocurrency assets, with 40,500 of them holding Bitcoin, which is currently valued at $25,610 per BTC. 

The report also highlights that among the 182 individuals who possess over $100 million in cryptocurrency assets, 78 of them have a significant portion in Bitcoin. Moreover, out of the 22 prominent cryptocurrency traders mentioned in the report, six of them have accumulated their wealth primarily through Bitcoin trading.

As of July 2023, there were an estimated 56.1 million millionaires worldwide, according to Fortunly's data. This suggests that less than 0.2% of millionaires had substantial holdings in cryptocurrencies. 

Henley & Partners CEO Juerg Steffen noted a notable increase in inquiries from millionaires in the past six months. These inquiries primarily revolve around strategies to safeguard against potential cryptocurrency trading bans in their respective countries and mitigate the risks associated with aggressive taxation policies on digital assets.

The report you mentioned did not disclose the specific names of crypto millionaires and billionaires. 

However, some prominent figures well-known in the cryptocurrency space include Barry Silbert, the founder and CEO of Digital Currency Group; Cameron and Tyler Winklevoss, co-founders of Gemini; Changpeng Zhao, CEO of Binance; Brian Armstrong, CEO of Coinbase; Chris Larsen, co-founder of Ripple; and Michael Saylor, the executive chairman of MicroStrategy, among others. 

These individuals have made significant contributions to the crypto industry and have accumulated substantial wealth through their involvement in the space.

During the crypto market crash of 2022, the number of crypto wallet addresses holding the equivalent of more than $1 million decreased significantly, with approximately 80,000 such addresses no longer holding this level of wealth. 

Forbes reported in December 2022 that many prominent figures and major players in the cryptocurrency industry suffered losses exceeding $116 billion as a result of exchange bankruptcies and the overall bearish market conditions.

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Disclaimer:
This information is for educational purposes only and does not constitute investment advice. No person should rely on it to make any investment. Investing carries risks, including the loss of capital. All opinions expressed are subject to change without notice. Past performance is not indicative of future results. Always seek the advice of a licensed investment professional before making any investment.