It’s been a rough few years for bitcoin investors. Back in late 2021, the price of Bitcoin hit an all-time high of over $64,000 per coin. But since then, Bitcoin has plummeted by over 50%. At the time of this writing, one Bitcoin is sitting at just over $25,700.
But though Bitcoin and many other cryptocurrencies are down significantly from their 2021 peaks, today’s current price still results in plenty of users who are millionaires from their existing holdings, according to the 2023 Crypto Wealth Report from wealth and investment firm Henley & Partners, which uses data from global wealth intelligence firm New World Wealth and other experts.
Here’s how Bitcoin and other cryptocurrencies stand in regards to wealth derived from the digital tokens, according to the report:
- Currently, there are 210 million Bitcoin users worldwide.
- The total market cap of Bitcoin stands at $602 billion.
- If you divide the number of Bitcoin users by Bitcoin’s total market cap, the average Bitcoin user would have about $2,866 worth of Bitcoin. Of course, this is just the average.
- Out of all 210 million Bitcoin users, the report says only six are Bitcoin billionaires. That is, six individuals hold at least a billion dollars in bitcoin each.
- 78 Bitcoin users are centimillionaires, which means that those individuals each hold at least $100 million worth of Bitcoin.
- But when we get into Bitcoin millionaires, the numbers jump. The report says that there are 40,500 Bitcoin users worldwide, each of whom holds at least $1 million in Bitcoin.
But what about users of all cryptocurrencies combined? The report also breaks down those stats:
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- There are 425 million users of all cryptocurrencies worldwide.
- The total market cap of all cryptocurrencies is $1.18 trillion.
- Out of all 425 million crypto users, just 22 are crypto billionaires.
- There are 182 crypto centimillionaires.
- And there are 88,200 crypto millionaires.
The takeaway? For almost a decade now, cryptocurrencies have been seen by some as a way to generate extreme wealth—and it has done that for a few, but they are the minority. So if you own crypto but aren’t a millionaire from it, don’t feel bad—neither are most crypto users.
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FAQs
There are now 172,300 individuals worldwide holding over USD 1 million in crypto assets — a 95% increase compared to last year — with the number of Bitcoin millionaires soaring by 111% to 85,400, according to the Crypto Wealth Report 2024 published by leading international wealth and investment migration specialists ...
How many Bitcoin millionaires are there? ›
There are now 172,300 individuals worldwide who own more than $1 million worth of crypto assets, in what marks a 95% increase in the year ending on July 1 2024, the analysis by migration consultancy Henley & Partners shows.
How many crypto centi millionaires? ›
The upper echelons of crypto wealth have also grown dramatically, the data shows, with the number of crypto centi-millionaires — those with crypto holdings of $100 million or more — rising by 79% to 325. The number of crypto billionaires climbed 27%, to 28 people globally.
What is bitcoin's net worth? ›
The value of all existing cryptocurrency is around $2.02 trillion, with around $1.14 trillion of that being attributed to Bitcoin (as of Sept. 4, 2024), according to CoinMarketCap.com.
What crypto are billionaires buying? ›
Half of the top 20 billionaire hedge fund managers now own Bitcoin. And, in some cases, they are selling off Nvidia in order to buy up this red-hot cryptocurrency for their portfolios.
What coin is predicted to be the next Bitcoin? ›
Cryptos that could boom in 2024 include Render Token (a rendering network) and Solana. Bitcoin and Ethereum could also be poised for strong performances in 2024, thanks to the SEC's approval of Bitcoin ETFs and Ethereum ETFs.
How are crypto millionaires made? ›
There are several ways to make money in the crypto world beyond investing, memecoins, mining, and trading. For example, many millionaires have been made by creating crypto-adjacent technologies and companies, like wallets, exchanges, or blockchain-based applications.
How many decamillionaires are there in the world? ›
How Many Decamillionaires are there in the World? As of 2022, there are an estimated 2,636 decamillionaires in the world. This number has been increasing rapidly in recent years due largely to the rising global economy.
Who can be a trillionaire? ›
After Elon Musk and Gautam Adani, NVIDIA founder Jensen Huang, Indonesian mogul Prajogo Pangestu, French businessman Bernard Arnault, and Facebook CEO Mark Zuckerberg come next as prospective trillionaires.
Who is the richest Bitcoin user? ›
Changpeng Zhao (CZ)
"Of the six new crypto billionaires created over the past year, five came from Bitcoin, underscoring its dominant position when it comes to attracting long-term investors who buy large holdings," Andrew Amoils, New World Wealth's head of research said.
How long does it take to mine 1 Bitcoin? ›
The length of time it takes to mine 1 Bitcoin can vary. Each committed Bitcoin block releases 3.125 Bitcoin. To answer the central question in mind, it takes an average of 10 minutes to mine not just 1 Bitcoin but 3 — and that rate will fluctuate over time.
How many of the 21 million bitcoins are left? ›
There are approximately 1.5 million bitcoins left to be mined (at the time of writing) out of the total capped supply of 21 million. The last bitcoin is expected to be mined around the year 2140. This estimate is based on the Bitcoin protocol's design, which includes a controlled issuance schedule.
Who is the most Bitcoin holder in the world? ›
So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
How come there is only 21 million bitcoins? ›
The limited supply of Bitcoin, capped at 21 million coins, is a deliberate design feature built into the Bitcoin protocol by its creator, Satoshi Nakamoto. There are several reasons for this: scarcity, inflation hedge, network security and economic model.
How many million Bitcoin's are there? ›
As of July 5, 2024, there are 19.72 million Bitcoins in circulation out of a total supply of 21 million. This means there are only 1.28 million Bitcoins left to be mined. All 21 million Bitcoins are expected to be mined by the year 2140.
