How many people are millionaires because of crypto? (2024)

How many people are millionaires because of crypto?

For immediate release: Tuesday 05 September 2023. There are 88,200 crypto millionaires worldwide, with just under half (40,500) holding their fortunes in Bitcoin, according to the inaugural Crypto Wealth Report published by leading international wealth and investment migration specialists Henley & Partners.

How many millionaires from crypto?

However, what exactly is the number of crypto millionaires? In an inaugural Crypto Wealth Report, Henley & Partners sheds light on this intriguing subject, revealing that there are currently 88,200 crypto millionaires globally.

Do people become millionaire with crypto?

Over a long enough period of time, even a relatively small upfront investment could turn into $1 million or more. And, indeed, according to Henley & Partners' Crypto Wealth Report, there are more than 40,000 Bitcoin millionaires in the world right now.

Can crypto make people rich?

The truth is that you can get rich by investing in crypto, but making money in crypto is the same as making money with any type of investment. To become rich, you have to do your research, work with a financial advisor, follow specific markets and make trades at the right time.

How many people make money in crypto?

According to a survey from lendingtree.com, conducted in November 2022, a higher percentage of 38% of cryptocurrency investors have reported to lost money rather than profited, 28% say they made a profit, and only 13% broke even.

How many people own 1 full Bitcoin?

However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.

What crypto are billionaires buying?

Cryptocurrencies like PYTH, TIA, TON, and SOL have gained attention from billionaires looking for long-term growth.

Who got rich off Bitcoin?

Winklevoss Twins – $1.4 Billion Net Worth Each

This early investment helped them amass a substantial amount of wealth and become Bitcoin millionaires as the value of the coin skyrocketed. Additionally, Cameron and Tyler Winklevoss co-founded Gemini, a cryptocurrency exchange, in 2014.

What percent of people get rich from crypto?

Just 0.07% percent of addresses are worth more than $1 million whereas 74.5% of addresses are worth less than $1. So when Erik Finman, the 18-year old school drop-out told CNBC he became a millionaire by investing money from his grandma into bitcoin, there's no need to feel foolish.

Can crypto make you a billionaire?

While the chances of becoming a Bitcoin billionaire are unlikely (unless you happen to have $35 million hiding under your mattress at home), they are not impossible. According to the latest Crypto Wealth Report, there were six Bitcoin billionaires in the world at the end of 2023.

Which crypto will make you rich in 2025?

"The most powerful cryptocurrencies in 2025 will be layer ones, such as Cardano, Solana, Polygon, Matic, and Polka Dot." Despite challenges in the US, cryptocurrencies are consistently growing their use cases globally, highlighting the potential for widespread adoption in the future.

Is crypto still worth it?

Cryptocurrency has an unproven rate of return.

You can't figure out the changes or calculate returns like you can with growth stock mutual funds. There just isn't enough data, or enough credibility, to create a long-term investing plan based on cryptocurrency. Don't play poker with your financial future here.

How many people lost money in crypto?

It's not that no one has made money off crypto. In fact, our survey finds that of those who've had crypto, 28% sold it for more than it was worth. But a higher rate of investors — 38% — sold their crypto for less than it was worth when they bought it. Another 13% broke even.

How rare is it to own 1 Bitcoin?

In reality, only 2.3% of all Bitcoin owners own 1 BTC or more (worth around $35K per Bitcoin as of November 6th, 2023).

Who holds most Bitcoin?

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

Who is the top 1 of Bitcoin holders?

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

How many rich people own Bitcoin?

Out of all 210 million Bitcoin users, the report says only six are Bitcoin billionaires. That is, six individuals hold at least a billion dollars in bitcoin each. 78 Bitcoin users are centimillionaires, which means that those individuals each hold at least $100 million worth of Bitcoin.

How many wallets have 1,000 Bitcoin?

In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least 1,000 bitcoins has increased by 302 (17%) and is now at a record high of 2,052, according to Philip Gradwell, economist at Chainalysis.

How much BTC does the average person have?

Most people don't own any. There are (right as this moment) just under 19,000,000 BTC in existence. There are around 330,000,000 USA citizens and around 7,500,000,000 people in the world. That works out to less than 0.06 bitcoin per person in the USA and about 0.0025 bitcoin per human.

Who is the richest man in crypto?

For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.

Does Mark Cuban own crypto?

While he personally believes in crypto and owns some himself, he also calls it a “Hail Mary.” In a January ask-and-answer session on X, Cuban said that his crypto portfolio includes Bitcoin, Ethereum, Polygon and Injective, and that his NBA team the Dallas Mavericks still accepts Dogecoin as payment.

Are rich people investing in crypto?

The report, cited by Bitcoinist, suggests that 29% of millionaires have a “high degree of interest” in entering the cryptocurrency space as investors while another 27% “sit on the fence.” Altogether, then, a full 56% of HNWIs are either prepared to invest in digital currencies now or could likely be swayed to do so in ...

What if I invested $1,000 in Bitcoin in 2010?

If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.

Is Bitcoin banned in China?

They operate in a grey area. While cryptocurrency is banned in mainland China and there are strict controls on capital movement across the border, people are still able to trade tokens such as bitcoin on crypto exchanges such as OKX and Binance, or through other over-the-counter channels.

How much Bitcoin do I need to become a millionaire?

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.