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