Number of Crypto Millionaires Almost Doubles in 2024

Crypto Millionaires Surge as Market Value Skyrockets

Hanley & Partners, a London-based investment consultancy, has unveiled a report highlighting a significant growth in the number of crypto millionaires. The report indicates that this number has almost doubled in the past year.

The report also notes a surge in the number of investors holding cryptocurrencies worth $100 million. Hanley & Partners attributes this jump to the introduction of exchange-traded crypto funds (ETFs) in January 2024.

Other contributing factors to the rise in crypto millionaires include Bitcoin's all-time high of $73,000 in March 2024. Crypto expert Hiroshi O. suggests that an increasing number of people are investing in cryptocurrency with the aspiration of becoming millionaires in 2024. He advises investing in grass coins, future coins, and popular altcoins as a path to building significant wealth.

According to the published report, over 172,300 individuals currently hold cryptocurrencies worth more than $1 million, reflecting an impressive 95% increase from 2023. The number of 'centi-millionaires,' investors holding $100 million or more in crypto, has also increased by 79% to 325. The count of crypto billionaires has risen by 27% to 28 individuals with over a billion dollars worth of cryptocurrency.

The total market value of crypto assets has soared to $2.3 trillion, an 89% increase from last year. The age group with the most significant investment in digital currency is between 24 and 35 years old, with an estimated 34% owning cryptocurrency in 2024.

Bitcoin remains the dominant player in the crypto market, with its value almost doubling since 2023. Other popular coins, such as Dogecoin and Ether, have also experienced notable growth over the past 12 months, with both increasing by approximately 50%.

Triple-A estimates that over 560 million crypto owners exist worldwide in 2024, representing around 6.8% of the population. Argentina has the highest ownership percentage at 9.73%, followed by Thailand and Canada with 9.61% and 7.00% respectively.

Male investors dominate crypto ownership, accounting for 61%, while females account for 39%.