Cryptocurrency Millionaires Surge 95%, Bitcoin ETFs Drive Growth
Cryptocurrency Millionaires Surge 95%, Bitcoin ETFs Drive GrowthAccording to a new report released jointly by New World Health and Henley & Partners, the number of cryptocurrency millionaires globally increased by 95% year-on-year to 172,300 by August 2024. Notably, the number of individuals holding over US$1 million in Bitcoin assets surged by 103% to 85,400
Cryptocurrency Millionaires Surge 95%, Bitcoin ETFs Drive Growth
According to a new report released jointly by New World Health and Henley & Partners, the number of cryptocurrency millionaires globally increased by 95% year-on-year to 172,300 by August 2024. Notably, the number of individuals holding over US$1 million in Bitcoin assets surged by 103% to 85,400. The report further highlights that the number of individuals with over US$100 million in cryptocurrency assets has risen to 325, while the number of billionaires has reached 28, a 6-person increase from the previous year.
This remarkable growth is primarily attributed to the successful launch and rapid development of Bitcoin ETFs. Since obtaining approval in January 2024, Bitcoin ETF assets have surpassed US$50 billion, significantly boosting institutional investor participation.
The report reveals that the surge in cryptocurrency millionaires reflects the thriving trend of the cryptocurrency market in recent years. As the most representative cryptocurrency, Bitcoins sustained price appreciation has attracted an increasing number of investors. The introduction of Bitcoin ETFs has provided a convenient investment channel for institutional investors, further propelling Bitcoin's price climb.
As the cryptocurrency market continues to mature and regulations improve, cryptocurrency assets are poised for even greater growth in the future. The number of cryptocurrency millionaires is expected to continue to rise.
Tag: Cryptocurrency Millionaires Surge Bitcoin ETFs Drive Growth
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.
