{"id":16445,"date":"2024-08-27T17:50:09","date_gmt":"2024-08-27T14:50:09","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-millionaires-surge-by-95-amid-2024-bull-run\/"},"modified":"2024-08-27T17:50:09","modified_gmt":"2024-08-27T14:50:09","slug":"crypto-millionaires-surge-by-95-amid-2024-bull-run","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-millionaires-surge-by-95-amid-2024-bull-run\/","title":{"rendered":"Crypto Millionaires Surge by 95% Amid 2024 Bull Run"},"content":{"rendered":"<p>The number of investors holding at least one million dollars in cryptocurrencies has reached 172,300, marking a 95% increase from the previous year, according to the Crypto Wealth Report 2024 by Henley &#038; Partners.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The Crypto Wealth Report 2024 is a unique publication for followers of digital assets and private wealth and investment migration trends \u2014 whether global citizens, crypto investors, wealth managers, or private bankers.<a href=\"https:\/\/t.co\/Z5WFJoJjmR\">https:\/\/t.co\/Z5WFJoJjmR<\/a><a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/digitalassets?src=hash&#038;ref_src=twsrc%5Etfw\">#digitalassets<\/a> <a href=\"https:\/\/t.co\/8Kdob9I3GP\">pic.twitter.com\/8Kdob9I3GP<\/a><\/p>\n<p>\u2014 Henley &#038; Partners (@HenleyPartners) <a href=\"https:\/\/twitter.com\/HenleyPartners\/status\/1828339059154186284?ref_src=twsrc%5Etfw\">August 27, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The number of billionaires in digital assets has risen to 28, a 27% increase, while those with million-dollar fortunes in Bitcoin now number 85,400, up 111% year-on-year.<\/p>\n<p>Experts noted that market capitalization grew by 89% during the period, from $1.2 trillion to $2.3 trillion.<\/p>\n<p>Dominic Volek, head of the private investor group at Henley &#038; Partners, attributed the accelerated growth of wealth, particularly large fortunes, to the emergence of cryptocurrency exchange-traded funds.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe cryptocurrency landscape of 2024 bears little resemblance to its predecessors. Bitcoin&#8217;s rally to over $73,000 in March set a new all-time high, while the long-awaited approval of spot <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">Bitcoin<\/a> and Ethereum ETFs in the US unleashed a wave of institutional capital,\u201d the analyst stated.<\/p>\n<\/blockquote>\n<p>Expectations are now mounting for Solana to \u201cjoin the party,\u201d Volek added.<\/p>\n<p>Lark Davis, founder of Wealth Mastery, emphasized the importance of the second-largest cryptocurrency by market capitalization as \u201ca key market player.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMuch of what is built in cryptocurrencies is created on Ethereum, based on the blockchain, or channels liquidity back into the ecosystem,\u201d he believes.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Singapore Retains Title as Leading Crypto Hub<\/h2>\n<p>Henley &#038; Partners experts also examined the appeal of various jurisdictions from the perspective of digital asset investors. They noted Singapore&#8217;s dominance as the leading crypto hub, with leadership in technological innovation, regulatory framework, and infrastructure development.<\/p>\n<p>Hong Kong followed in the rankings, distinguished by its \u201ceconomic fundamentals and friendly tax policy.\u201d The UAE ranked third, benefiting from its fiscal regime and rapidly growing digital economy.<\/p>\n<p>None of the three jurisdictions impose capital gains tax, a significant advantage for crypto investors, analysts highlighted.<\/p>\n<p>In August, 59% of asset management representatives expressed readiness to increase the share of digital assets in client portfolios, according to a survey published by the law firm Barnes &#038; Thornburg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of investors holding at least one million dollars in cryptocurrencies has reached 172,300, marking a 95% increase from the previous year, according to the Crypto Wealth Report 2024 by Henley &#038; Partners. The Crypto Wealth Report 2024 is a unique publication for followers of digital assets and private wealth and investment migration trends [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,167],"class_list":["post-16445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16445"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16444"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}