NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Crypto millionaires number exceeds 88k, report reveals

Published 09/06/2023, 06:00 AM
Updated 09/06/2023, 06:30 AM
Crypto millionaires number exceeds 88k, report reveals
BTC/USD
-

Crypto.news - According to a report by the investment migration company Henley and Partners, there are 88,200 crypto millionaires worldwide, with almost half owning Bitcoin (BTC).

The report reveals around 40,500 of the millionaires hold Bitcoin despite the recent price fluctuations.

Moreover, the report revealed that the number of global crypto users has reached over 425 million, with 210 million users also holding Bitcoin. Per Henley and Partners, there are only 182 “centi-millionaires,” individuals with over $100 million worth of digital assets.

The number of crypto billionaires sits at 22, with only six holding BTC in their wallets.

The migration investment company ranks Singapore as the most crypto-friendly country for its tax-friendliness, public adoption, innovation and technology, and economic factors. Switzerland, the United Arab Emirates (UAE), and Hong Kong remain the next three crypto-hubs after Singapore.

Despite its tight regulatory framework around the asset class, the U.S. ranks among the top 10 worldwide crypto spots.

Moreover, a survey by Citi revealed that more companies have been trying to adopt blockchain technology despite the collapse of some high-profile crypto firms, especially FTX.

Another survey by the blockchain software company Consensys suggested that individuals in Asia and Africa are more likely to invest in cryptocurrencies. Most investment attractions came from Nigeria, South Africa, the Philippines, Vietnam, Indonesia, and India.

This article was originally published on Crypto.news

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.