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.
SkyBridge Capital’s Anthony Scaramucci is signaling a shift in crypto investing, describing Bitcoin as increasingly behaving like a standalone asset class and endorsing Solana as a top candidate for ETF growth.
After weeks of intense institutional activity that helped push Bitcoin above $100,000, inflows into U.S. spot Bitcoin ETFs took a breather between May 6 and May 12.
Bitcoin’s rapid recovery beyond $104,000 has sparked a wave of optimism in crypto circles, but the bigger question remains: is this just the beginning?
While Bitcoin’s price has recently rebounded, the enthusiasm for spot ETFs appears to be cooling. Weekly inflows into U.S. Bitcoin ETFs have dropped sharply, signaling a pause in aggressive institutional accumulation.