As of today, dollar millionaires are holders of at least 16.06 bitcoins. At the same time, to get into the hundred richest addresses in this network requires the presence of 10 thousand coins in the equivalent of 622 million dollars.

Ranking of the hundred richest Bitcoin addresses

The growing number of rich people among cryptocurrency investors is an obvious phenomenon amid the increase in coin rates in recent months.

For example, on November 21, 2022 – shortly after the collapse of the FTX exchange – the market capitalisation of an entire coin industry hit its low on this bearish trend at $820 billion. Today, however, this figure stands at 2.28 trillion, meaning there is a lot more money in the digital asset niche.

Cryptocurrency industry market capitalisation changes since November 2022

Bitcoin itself has grown by 40 per cent since the beginning of the year as of today. However, it’s worth noting here that BTC is now more than 15 percent behind its all-time high of 14 March 2024.

How many millionaires there are among crypto investors

Of course, it’s not just Bitcoin owners who are millionaires in the crypto industry. If we count all the millionaires from among those who invested in altcoins as well, the figure will reach 172,300 people. Last year, this figure was 95 per cent lower and was only 88,200 people, Cointelegraph noted.


The purity of conclusions based on the research conducted by Henley and Partners experts raises questions. Still, cryptoinvestors often invest in several coins, which in turn are stored on several hardware wallets. Accordingly, notional bitcoins worth $3 million can be divided between three devices and addresses respectively. Obviously, in such a case, one person can be mistakenly counted for three - especially if they did not transfer the coins between their addresses, but did so using exchanges.


Statistics on crypto millionaires and crypto billionaires

There has also been a significant increase in the “upper echelons” of the crypto-rich. In particular, there are 79 per cent more people who own more than $100 million worth of crypto. There are now at least 325 people in the world who belong to this category.

Six new crypto billionaires also emerged over the year, bringing the total number of owners of a nine-figure sum to 28 people.

Cryptocurrency investors during the bullrun

In the experts’ report, the statistics of millionaires are rounded up to the nearest hundred. In doing so, they estimate the growth in numbers between 1 July 2023 and 30 June 2024. The information for the analysis was compiled from a combination of “proprietary wealth models” and data from public sources like CoinMarketCap, Binance, BscScan and Etherscan.

Andrew Amoyles, head of research at New World Wealth, noted that while the “millionaire group” saw the largest increase, the rise in the number of billionaires was mainly due to the rise of Bitcoin. Here’s an expert’s rejoinder on the matter.

Of the six new crypto billionaires that have emerged in the past year, five owe their fortunes to Bitcoin, underscoring its dominance in the market when it comes to attracting long-term investors buying large blocks of shares.

Daily chart of the Bitcoin (BTC) exchange rate on the Binance exchange

The price of BTC has risen by about 142 percent in a year, from $26,100 on 27 August 2023 to a level of $63,000 as of this morning. In the afternoon, the first cryptocurrency sagged to 62 thousand.

According to experts, the deciding factor for the bullrun of the main cryptocurrency was the listing of spot exchange-traded funds on 11 January 2024 on US exchanges. Since then, net capital inflows into such instruments have exceeded $18 billion, while an ETF from BlackRock called iShares Bitcoin Trust (IBIT) has become the world’s fastest-growing exchange-traded fund.

As of today, IBIT has attracted $20.9 billion, outpacing the total inflows into all spot Bitcoin ETFs in the US. This is possible due to the massive outflow of funds from Grayscale's GBTC instrument, which used to exist as a trust.

Capital inflows and outflows from spot Bitcoin-ETFs in the US by day and total

Another record was recorded in the realm of stablecoins. The total capitalisation of stablecoins, excluding algorithmic projects, reached an all-time high by the weekend.

Over the past week, the figure increased by 0.8 percent to more than $168.1 billion, surpassing the previous peak of around $167 billion from March 2022. Since the beginning of 2024, the volume of the stablecoin sphere has continued to grow, The Block reported.

Growth in the capitalisation of the stackcoin sphere

The increase in the figure may indicate that crypto is attracting more and more money from institutional investors, as it is a traditional bridge between the world of conventional finance and crypto.

This is the opinion shared by BTCMarkets crypto analyst Rachel Lucas. Here is a rejoinder on the subject.

Traditionally, the demand for stability in uncertain market conditions has encouraged investors to turn to stablecoins as a safe haven for capital. The increasing capitalisation of stablecoins may reflect growing confidence in the crypto market – especially from institutional investors.


It's also worth noting that stablecoins provide easier access to dollars for residents of troubled economies. In this way, they can protect their own capital from depreciation in local currency.


Growth of the digital asset market

Meanwhile, the capitalisation of the largest stablecoin, USDT, has grown by about 28 percent this year, from $91.68 billion at the beginning of the year to $117.84 billion today. USDT now accounts for about 70 percent of the sphere’s total capitalisation.


This statistic is a reminder of how seriously popular the coin industry has become in recent years. Still, digital assets can earn a fortune during the growth stages, and many investors are confidently storing huge capital in such coins. Obviously, this trend will continue in the future.