Nearly half of the global population ventured into cryptocurrency investments, yet only a minuscule fraction, precisely 22, amassed a fortune exceeding a billion dollars from these holdings, according to the 2023 Crypto Wealth Report by Henley & Partners.
The report's findings, which are expected to be a topic of discussion at the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, revealed that as of June's end, Bitcoin BTC/USD attracted 210 million investors worldwide, with the total number of cryptocurrency investors reaching 425 million.
Henley & Partners' analysis disclosed that a mere six individuals, which is roughly one-third of the world's crypto billionaires, achieved this status primarily through Bitcoin investments.
This translated to a mere 0.000003% of Bitcoin holders possessing assets exceeding $1 billion. In the broader cryptocurrency domain, only 0.000005% of investors have assets valued over this billion-dollar benchmark.
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The report further highlighted the crypto realm was more generous in producing millionaires than billionaires.
Specifically, 88,200 investors, or 0.02% of global crypto enthusiasts, have digital assets valued at a minimum of $1 million.
Bitcoin, the most popular cryptocurrency, has been responsible for the millionaire status of 40,500 of its investors. Additionally, the crypto sector has given rise to centi-millionaires, individuals with crypto assets surpassing $100 million.
Among these, 78 owe their wealth to Bitcoin, while 182 have diversified crypto portfolios.
The exact investment amounts and the subsequent gains or losses of the individuals mentioned remain undisclosed. Henley & Partners, when approached by Fortune for further details, remained unresponsive.
In an exploration of cryptocurrency adoption by country, the U.S. emerged as the third-largest adopter, following the UAE and Singapore, with the U.K. and Canada completing the top five.
The Crypto Wealth Report, a collaboration between Henley & Partners and New World Wealth, utilized data from prominent crypto platforms such as Binance and Etherscan, supplemented by their internal databases.
The study gauged public adoption through parameters like awareness, interest and engagement.
Country rankings were determined using metrics such as the proportion of crypto users, Google search trends, and the availability of blockchain and cryptocurrency courses in educational institutions.
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