A recent wealth report by residence investment firm Henley & Partners, in collaboration with New World Wealth, reveals that the world of crypto has forged 22 billionaires and an impressive 88,200 millionaires, totaling over $1 trillion in market value.
Bitcoin, the pioneering cryptocurrency, is responsible for birthing six of these billionaires. The millionaire club, on the other hand, is dominated by bitcoin holders, comprising almost half of the 88,200 members. Among them, 182 are centimillionaires, each with assets totaling $100 million or more.
However, in the grand scheme of global wealth distribution, these crypto millionaires make up only a fraction. They represent a mere 0.15% of the estimated 60 million millionaires worldwide, as reported by the UBS global wealth report.
The data for this report was meticulously compiled using a blend of methodologies. It involved tracking the financial activities of over 150,000 high-net-worth individuals, supplemented with on-chain data and information from crypto exchanges. Notably, the report does not reveal the identities of these cryptocurrency tycoons.
Moreover, the study estimated that 425 million people across the globe own cryptocurrencies, which corresponds to approximately 5.3% of the world’s population. Of this substantial number, 210 million individuals are proud holders of bitcoin.
In the realm of crypto adoption, Singapore, Switzerland, and the UAE emerge as the leaders. They claim the top spots on the “Crypto Adoption Index,” a ranking system that factors in public interest, infrastructure readiness, innovation, and regulatory conditions.
While the United States holds fifth place in the overall ranking, it stands as the number one in public adoption and infrastructure combined. Following closely behind are Canada and Australia, which take second and third place, respectively. The United Kingdom takes the crown for innovation and technology in the crypto sector.
As cryptocurrencies continue their ascent, these findings indicate that embracing the industry and fostering a supportive environment can significantly impact a country’s wealth landscape, attracting substantial crypto investments in the foreseeable future, according to Henley & Partners.
