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Bitcoin Surge Creates Over 84,000 New Crypto Millionaires
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Crypto millionaires surged by 95% over the past year, with now 172,300 individuals holding over $1 million in crypto assets. Bitcoin's dominance has doubled its millionaire count to 85,400.
Crypto wealth has expanded across various levels: there are now 325 centi-millionaires and 28 billionaires. Bitcoin ETFs, managing $50 billion in assets, have fueled this growth.
Bitcoin's price increased by 45% this year, boosting the crypto market cap to $2.3 trillion. Six new crypto billionaires have emerged, five of whom are from bitcoin.
Changpeng Zhao, founder of Binance, leads with an estimated $33 billion. Despite legal challenges, his wealth has increased by $10.5 billion.
Institutional acceptance, ranging from BlackRock to Morgan Stanley, promises further wealth creation. Crypto's influence extends to lifestyle choices, with the wealthy seeking tax-friendly havens.
Henley & Partners tracks these trends, ranking crypto-friendly countries. Singapore tops the list, followed by Hong Kong and the UAE.
The rise of crypto is not just about wealth; it's reshaping global finance and personal decisions.
| Scores | Value | Explanation |
|---|---|---|
| Objectivity | 5 | Balanced reporting with comprehensive analysis. |
| Social Impact | 5 | Significantly influences public opinion on crypto wealth. |
| Credibility | 5 | Solid evidence from authoritative sources. |
| Potential | 5 | High potential to trigger further wealth creation. |
| Practicality | 4 | Highly practical in real financial scenarios. |
| Entertainment Value | 3 | Some entertainment value, attracts a portion of the audience. |