A press launch printed by Henley & Companions on August 27, 2024 reveals that Bitcoin millionaires will double by 111% in 2024. There are actually 85,400 Bitcoin millionaires, up 111% from final 12 months's estimated 40,500 millionaires in 2023.
Typically crypto belongings, there are actually over 172,300 people worldwide who maintain over $1 million in crypto belongings, a rise of over 95% in comparison with final 12 months.
The variety of millionaires additionally practically doubled; there are actually 325 people with over $100 million in crypto belongings. These with 9 figures (crypto-billionaires) additionally elevated to twenty-eight, a 27% enhance over the previous 12 months.
The desk under reveals the statistics of people with greater than 1,000,000 in crypto belongings and the whole variety of cryptocurrency customers worldwide.
The entire variety of cryptocurrency customers has elevated by greater than 32% to 560 million customers in 2024 in comparison with 2023. The entire market cap of cryptocurrencies is now greater than $1.9 trillion on the time of penning this information article, which is greater than 92% final 12 months's market capitalization, which was round $1 to $1.2 trillion.
The crypto market boomed in 2024 for a number of causes. One of many causes for the market surge is the Bitcoin halving that came about in April, which has at all times been a catalyst for the crypto market.
One more reason for the huge rise within the crypto market is the Spot Bitcoin ETF Approval that occurred on January 10, 2024 and the Spot Ethereum ETF that occurred on July 23, 2024.
Because the approval of the Spot Bitcoin ETF, there was a complete influx of $14.67 billion into Bitcoin ETFs as of June 2024, and the Spot Bitcoin ETF has a mean every day influx of round $140 million.
Likewise, Ethereum can also be experiencing large inflows by way of the Spot Ethereum ETF.
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