Bitcoin rally creates over 84,000 new crypto millionaires in one year

BlockBeats news, August 27, according to CNBC, according to a new report, as Bitcoin ETFs and other crypto assets climb, the number of global cryptocurrency millionaires has surged 95% in the past year.

According to a report by New World Wealth and Henley & Partners, there are currently 172,300 individuals in the world holding more than $1 million in crypto assets, a significant increase from 88,200 last year. The number of pure Bitcoin millionaires has more than doubled to 85,400.

The number of crypto tycoons is increasing at all levels of the wealth ladder. The report shows that there are currently 325 cryptocurrency billionaires (those holding $100 million or more in crypto assets), and 28 cryptocurrency billionaires.

The surge reflects the rapid growth of bitcoin ETFs, which have surpassed $50 billion in assets since launching in January and have sparked a wave of institutional participation.

Bitcoin prices have risen 45% this year to about $64,000. As the value of other cryptocurrencies has risen, the market value of crypto assets has increased to $2.3 trillion, up from $1.2 trillion last summer.