Over 180 People Hold at Least $100 Million in Crypto, Study Shows
A recent study by financial advisement group Henley and Partners reveals that there are now over 180 individuals worldwide who own at least $100 million worth of cryptocurrency assets. The study, which includes data from New World Wealth, a global wealth intelligence firm, shows that nearly half of these crypto centi-millionaires acquired their wealth through holding or trading Bitcoin (BTC).
Additionally, the study indicates that high-net-worth investors are considering moving to countries that are less likely to impose strict regulations or bans on crypto assets. This trend is driven by the desire to protect their wealth from potential future restrictions and aggressive fiscal policies.
Henley and Partners’ report also includes insights from industry experts and academia, as well as their own Crypto Adoption Index, which compares investment migration programs for digital asset entrepreneurs.
Hot Take
The increasing number of individuals holding significant amounts of cryptocurrency reflects the growing mainstream adoption and acceptance of digital assets. As more people accumulate substantial crypto wealth, it highlights the potential for cryptocurrencies to become a legitimate store of value and investment asset class. The interest in migrating to crypto-friendly nations also underscores the need for governments to create clear and favorable regulatory frameworks to attract crypto entrepreneurs and investors. Overall, this study demonstrates the wealth-generating potential of cryptocurrencies and the evolving landscape of global finance.
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