The number of millionaires in terms of cryptocurrency wealth has surged in the past year, according to investment immigration consultancy Henley & Partners, in line with the growth of the digital asset’s market value.

There are currently 172,300 individuals holding over $1 million in crypto assets, according to a report by Henley & Partners, up 95 percent year-on-year. This includes a 79 percent increase in crypto centi-millionaires to 325 and a 27 percent increase in crypto billionaires to 28. 

The Bitcoin millionaire population grew 111 percent to 85,400 with a 100 percent increase in Bitcoin centi-millionaires to 156 and an 83 percent increase in Bitcoin billionaires to 11.

Market Growth

The population increase is in line with crypto growth with the total market value up 89 percent to $2.3 trillion.

«The cryptocurrency landscape of 2024 bears little resemblance to its predecessors. Bitcoin’s rise to over $73,000 in March set a new all-time high, while the long-awaited approval of spot Bitcoin and Ethereum ETFs in the USA unleashed a torrent of institutional capital,» commented Dominic Volek, group head of private clients at Henley & Partners. 

«Anticipation now builds for potential Solana ETFs joining the Wall Street party. These milestones have seeded a new era of crypto adoption, one where digital assets increasingly cross-pollinate with traditional finance and global mobility.»

Top Hubs

As a result, there has been an uptick of crypto-wealthy clients seeking alternative residence and citizenship options in 2024, according to the firm.

In its second annual «Henley Crypto Adoption Index», Singapore was ranked as the top crypto hub with a score of 45.7 out of 60 due to a competitive advantage in areas such as technological innovation, regulatory framework and infrastructure development. Hong Kong ranked in the second position followed by the UAE.

«The crypto millionaires of 2024 are not content with digital riches alone; they seek the freedom of global mobility to match their borderless assets,» Volek said. «In this digital gold rush, the most successful jurisdictions will be those that can offer a holistic ecosystem for crypto investors – combining favorable regulations, robust infrastructure, and pathways to alternative citizenship or residence.»