Cryptocurrency Wealth Report Highlights Unprecedented Growth
According to the 2024 Crypto Wealth Report by Henley & Partners, there are now 172,300 individuals worldwide holding over $1 million in crypto assets—a 95% increase from last year. Bitcoin millionaires alone surged 111%, reaching 85,400.
Key statistics:
- Total crypto market cap: $2.3 trillion (up 89% from 2023).
- Crypto centi-millionaires ($100M+ holdings): 325 (79% growth).
- Crypto billionaires: 28 (27% growth).
👉 Explore how Bitcoin ETFs are reshaping investments
Drivers of the Boom
Dominic Volek (Henley & Partners) attributes this to institutional capital influx post-Bitcoin/ETH ETF approvals in the U.S.:
"2024’s market is fundamentally different. Bitcoin hit $73K in March, and ETFs have bridged crypto with traditional finance, boosting global liquidity."
Andrew Amoils (New World Wealth) notes Bitcoin’s dominance:
"5 out of 6 new crypto billionaires built wealth via Bitcoin, underscoring its appeal for long-term holdings."
The Rise of Crypto Elite
Industry Perspectives
- António Henriques (Bison Bank):
"Crypto is redefining global finance, merging digital innovation with traditional monetary stability." - Jean-Marie Mognetti (CoinShares):
"Bitcoin ETFs mark a turning point, highlighting its role in enhancing institutional portfolios." - Lark Davis (Wealth Mastery):
"Ethereum remains foundational—most tokens are built on or bridge liquidity back to it."
👉 Why Ethereum is the backbone of DeFi
Global Citizenship and Crypto Adoption
Henley & Partners’ Crypto Adoption Index ranks top hubs for crypto investors:
| Rank | Jurisdiction | Score (60) | Key Strengths |
|------|--------------|------------|---------------|
| 1 | Singapore | 45.7 | Innovation, regulatory clarity |
| 2 | Hong Kong | 44.1 | Tax-friendly policies |
| 3 | UAE | 42.3 | Zero capital gains tax |
All three jurisdictions impose no capital gains tax—a major draw for HNWIs.
FAQs
Q: What fueled the 2024 crypto millionaire surge?
A: Bitcoin ETFs, institutional investment, and record-high BTC prices ($73K).
Q: Which crypto hubs are most attractive for investors?
A: Singapore, Hong Kong, and UAE lead due to tax benefits and regulatory frameworks.
Q: How significant is Ethereum in the crypto ecosystem?
A: Vital—it hosts most DeFi projects and serves as a liquidity backbone.
For the full report, visit Henley & Partners.