Crypto millionaires number exceeds 88k, report reveals

According to a report by the investment migration company Henley and Partners, there are 88,200 crypto millionaires worldwide, with almost half owning Bitcoin (BTC).

The report reveals around 40,500 of the millionaires hold Bitcoin despite the recent price fluctuations. 

Moreover, the report revealed that the number of global crypto users has reached over 425 million, with 210 million users also holding Bitcoin. Per Henley and Partners, there are only 182 “centi-millionaires,” individuals with over $100 million worth of digital assets. 

The number of crypto billionaires sits at 22, with only six holding BTC in their wallets. 

The migration investment company ranks Singapore as the most crypto-friendly country for its tax-friendliness, public adoption, innovation and technology, and economic factors. Switzerland, the United Arab Emirates (UAE), and Hong Kong remain the next three crypto-hubs after Singapore.

Despite its tight regulatory framework around the asset class, the U.S. ranks among the top 10 worldwide crypto spots.

Moreover, a survey by Citi revealed that more companies have been trying to adopt blockchain technology despite the collapse of some high-profile crypto firms, especially FTX. 

Another survey by the blockchain software company Consensys suggested that individuals in Asia and Africa are more likely to invest in cryptocurrencies. Most investment attractions came from Nigeria, South Africa, the Philippines, Vietnam, Indonesia, and India.