Bitcoin Millionaires Double in a 12 months as Crypto Market Soars

A press launch report printed by Henley & Companions on August 27 2024, reveals that Bitcoin millionaires have doubled over 111% in 2024. There are actually 85,400 Bitcoin millionaires, 111% greater than the roughly 40,500 millionaires final yr, 2023.

On the overall crypto property, there are actually over 172,300 people worldwide who’ve over 1 million USD in crypto property, which is over a 95% improve in comparison with final yr.

The variety of centi-millionaires has additionally nearly doubled; there are actually 325 people with over 100 million USD in crypto property. These with 9 figures (crypto billionaires) have additionally elevated to twenty-eight, which is a 27% improve within the final yr.

The desk beneath reveals the statistics of people with over 1,000,000 greenback crypto property and complete crypto customers globally.

The full variety of crypto customers has elevated by over 32% to 560 million customers in 2024 in comparison with 2023. The full crypto market capitalization is now over $1.9 trillion as of the time of scripting this information article, which is greater than 92% of final yr’s market cap, which was round $1-$1.2 trillion.

The crypto market has soared in 2024 as a consequence of a number of causes. One of many causes for the market improve is the halving of Bitcoin that occurred in April, which has at all times been a catalyst for the crypto market.

Another excuse for the huge improve within the crypto market is the Spot Bitcoin ETF Approval, which occurred on January 10 2024,  and the Spot Ethereum ETF, which occurred on July 23, 2024.

For the reason that approval of Spot Bitcoin ETF, there was a complete influx of $14.67 billion to the Bitcoin ETF as of June 2024, and Spot Bitcoin ETF averages a day by day influx of round $140 million.

Likewise, Ethereum has additionally been experiencing large influx via the Spot Ethereum ETF.