The number of crypto-millionaires has expanded dramatically, reaching a record 241,700, a 40% year-on-year increase, according to a new report by Henley & Partners.
This growth is reflected in higher wealth levels, with a 38% increase in the number of people with crypto holdings above $100 million to 450, and a 29% increase in the number of crypto-billionaires to 36.
The consulting firm attributes this "significant growth" to a "watershed year for institutional adoption," highlighted by massive inflows into US spot Bitcoin and Ether ETFs.
These factors have contributed to the total valuation of the cryptocurrency market exceeding $3.3 trillion.