Private wealth held in cryptocurrencies is on the rise with the total worldwide value exceeding $1 trillion, according to a report by Henley & Partners.
The wealth of private individuals held in cryptocurrencies reached a total value of $1.18 trillion worldwide, according to a report by investment immigration consultancy Henley & Partners. The total value in Bitcoin alone accounted for more than half at $602 billion.
Of the 425 million crypto users, there were 88,200 millionaires, 182 centa-millionaires ($100 million or above) and 22 billionaires. Within Bitcoin specifically, there were 210 million users, including 40,500 millionaires, 78 centa-millinaires and six billionaires.
Top Adopter
The report also features an index that rates various jurisdictions on adoption based on six parameters: public adoption, infrastructure adoption, innovation and technology, regulatory environment, economic factors and tax-friendliness.
Based on this methodology, Singapore ranked in the top spot scoring 50.2 out of 60. This was followed by Switzerland (46.9), UAE (45.7), Hong Kong (45.6) and the US (44.3).
Global Wealth Intelligence
The report was produced in partnership with New World Wealth. Established in 2013, the global wealth intelligence firm tracks the movements and spending habits of over 150,000 high-net-worth individuals, especially centa-millionaires. This data was used as a base for the report's wealth and crypto modeling.
