The global count of Bitcoin millionaires has surged by 111% over the past year, reaching 85,000 individuals with holdings exceeding $1 million in BTC.
According to Henley and Partners’ Crypto Wealth Report 2024, as of July 30, the number of people holding over $1 million in Bitcoin has more than doubled to 85,400.
This increase is part of a broader trend in the cryptocurrency world, where the number of people with crypto assets valued over $1 million has grown by 95%, reaching 172,300, up from 88,200 the previous year.
The report also highlights a significant rise in crypto centimillionaires—those with more than $100 million in digital assets—which increased by 79% to 325 individuals. Additionally, the number of crypto billionaires has expanded by six in the past year, totaling 28.
Henley and Partners’ figures, rounded to the nearest hundred, cover the period from July 1, 2023, to June 30, 2024, based on internal wealth models and data from major cryptocurrency platforms like CoinMarketCap, Binance, BscScan, and Etherscan.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
Bitcoin’s downward trend could persist longer than expected, according to some analysts who see similarities with the 2022 bear market.