Over the past year, the number of people who own more than $1 million worth of BTC surged by 111%. The significant increase in BTC brought the total number of Bitcoin millionaires to 85,400 people.
According to the Crypto Wealth Report 2024 conducted by Henley & Partners, as of June 30, 2024, 85,400 people in the world own BTC worth more than $1 million, while the total number of crypto users who own digital assets worth over $1 million is 172,300.
Between July 1, 2023 and June 30, 2024, the number of Bitcoin millionaires increased by 111%, and the total number of crypto millionaires rose by 95%. The number of centimillionaires, i.e., crypto users who own more than $100 million in digital assets, also saw a 79% increase over the year. In total, there are 325 crypto centimillionaires, including 156 BTC centimillionaires, which is twice as many as last year.
The number of crypto billionaires also grew by 6 people over the year. In total, 28 people own digital assets worth more than $1 billion, including 11 BTC billionaires. According to Andrew Amoils, Head of Research at New World Wealth, Bitcoin was the main catalyst behind the rising number of crypto billionaires, as the fortunes of five out of six new billionaires grew due to BTC.
The report states that the total number of cryptocurrency users increased by 32% to 560 million. Of these, 275 million are BTC holders, which is 31% more than last year. Analysts also noted that over the year, the total market capitalization of cryptocurrencies surged by 89%, reaching $2.3 trillion, of which $1.2 trillion is Bitcoin.
This year, the Bitcoin network experienced another halving, shortly before which BTC reached $71,000, setting a new all-time high (ATH). Besides, the asset surpassed gold in terms of scarcity. Bitcoin is also being considered as an asset for state reserves and is attracting the attention of large pension funds.
