Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin

More than 40,000 cryptocurrency millionaires worldwide hold bitcoin, according to a report published by London-based investment immigration advisory firm Henley & Partners.

According to the “Crypto Wealth Report” released by Henley & Partners on September 5 explain There are approximately 88,200 millionaires worldwide who hold cryptocurrencies, 40,500 of whom hold Bitcoin (BTC). The report revealed that of the 182 people holding more than $100 million worth of cryptocurrencies, 78 were bitcoin holders. Additionally, of the 22 cryptocurrency traders who held more than $1 billion, six “accumulated wealth through trading Bitcoin.”

Cryptocurrency wealth statistics. Source: Henley & Partners

Fortunately report As of July 2023, there are roughly 56.1 million millionaires on the planet, suggesting that less than 0.2% of people hold significant amounts of cryptocurrency. Juerg Steffen, chief executive of Henley & Partners, said the firm has seen a surge in cryptocurrency-related inquiries from millionaires over the past six months and that it is “protecting itself from any potential future bans on transactions or usage.” impact” efforts. ” and “mitigating the risk of an aggressive fiscal policy that taxes digital assets at source. “

“Leaderships in a growing number of jurisdictions understand the legal nature of (crypto-based) wealth and have mechanisms in place to store it securely and, through the soft infrastructure, to treat it like virtually any other asset, tangible or intangible ,” said cybersecurity expert Ali Khan. “But there are still some jurisdictions that have yet to act.”

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The report did not explicitly mention the names of cryptocurrency millionaires and billionaires. Notable names in the space include Digital Currency Group founder and CEO Barry Silbert, Gemini co-founders Cameron and Tyler Winklevoss, Binance CEO Changpeng Zhao, Coinbase CEO Brian Armstrong, Ripple co-founder Chris Larsen and MicroStrategy executive chairman Michael Saylor.

During the 2022 crypto market crash, the number of crypto wallet addresses holding the equivalent of more than $1 million decreased by about 80,000. Forbes reported in December 2022 that many major players in the industry lost more than $116 billion due to exchange bankruptcies and bear markets.

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