Report Reveals The Journey of 88,200 Crypto Wealth Builders

A recent report by Henley & Partners, a London-based investment migration consultant, offers intriguing insights into this emerging phenomenon. The world of cryptocurrencies has given rise to a new breed of rich people.

A new generation of millionaires and billionaires has emerged as the global crypto industry soars above a $1 trillion valuation. Henley & Partners estimates that a sizable 88,200 of the world’s 56.1 million billionaires have made their riches in the cryptocurrency sector.

The Bitcoin Trailblazers

In-depth analysis of this crypto riches finds that, of the 88,200 crypto billionaires, a sizable 40,500 exclusively credit their wealth to Bitcoin (BTC). This indicates that just 0.157% of the world’s millionaires are crypto millionaires.

Further analysis of the Henley & Partners data reveals a select group of 182 people who have amassed centi-millionaire status through their cryptocurrency investments, which entails assets more than $100 million. Surprisingly, 78 of these centi-millionaires attribute their success to Bitcoin. Additionally, just a small number—roughly six people—have become billionaires using Bitcoin, whereas another 22 billionaires have amassed their money through the wider crypto industry.

Crypto Titans of 2023

The distinguished roster of crypto centi-millionaires and billionaires in 2023 includes industry luminaries such as Changpeng Zhao (CZ), the CEO of Binance, Chris Larsen from Ripple, the Winklevoss twins of Gemini, venture capitalist Tim Draper, Michael Novogratz of Galaxy, Brian Armstrong from Coinbase, Dan Larimer of Block.one, Anthony Di Iorio of Ethereum, Barry Silbert from Digital Currency Group, Brad Garlinghouse of Ripple, Roger Ver, founder of Bitcoin.com, former Bitmain CEO Jihan Wu, and venture capitalist Matthew Roszak.

A Quest for Security

Dr. Juerg Steffen, the CEO of Henley & Partners, emphasized the significance of this trend as governments around the world grapple with crypto regulations. Crypto enthusiasts and investors are increasingly exploring avenues for investment migration to safeguard their assets. Dr. Steffen stated, “We have witnessed a significant surge in inquiries from crypto millionaires over the past six months. They are all seeking to establish a robust ‘Plan B’ to protect themselves from potential future bans on cryptocurrency trading or usage in their respective countries. Additionally, they aim to mitigate the risks associated with aggressive fiscal policies that levy taxes on digital assets at the source.”