There Are Now More Crypto Millionaires and Billionaires Than Ever Before Amid Bitcoin Boom
News Summary
The number of crypto millionaires and billionaires has grown by 40% and 29% respectively over the last year, reaching new records, according to the Crypto Wealth Report by investment consultants Henley & Partners. As of June 30, there are approximately 241,700 crypto millionaires and 36 crypto billionaires globally. Bitcoin's sharp rise was the biggest factor, with its price increasing 78% in the last year to $112,881. Bitcoin millionaires alone surged 70% to 145,100 in the past 12 months, while Bitcoin centi-millionaires (those with at least $100 million) and billionaires rose by 63% and 55% respectively. The report attributes this significant growth to a watershed year for institutional adoption, highlighted by the first-ever cryptocurrencies launched by a sitting U.S. president and first lady under President Donald Trump’s administration, which has adopted a more lenient approach to crypto innovation. The global appeal of crypto wealth extends beyond borders, offering a unique and instantly accessible form of wealth storage. The report also highlights the emerging role of AI agents and bots in finance, citing the Fartcoin-inspired Truth Terminal's path to millionaire status in 2024.
Background
The cryptocurrency market has experienced a significant bull run through 2024 and 2025, with Bitcoin notably breaking the $100,000 price barrier for the first time in December 2024 and reaching a new all-time high of $124,128 in August 2025. This rapid price appreciation has been largely driven by increasing institutional adoption, the introduction of traditional financial products like spot ETFs, and a more accommodating regulatory landscape. Since President Donald Trump's re-election in 2024, his administration has adopted a relatively lenient and innovation-friendly stance towards cryptocurrencies. This approach has been interpreted by the market as reducing regulatory uncertainty and fostering a more favorable environment for digital assets. Henley & Partners, a leading global investment consultancy, regularly publishes reports on global wealth and investment trends, with its Crypto Wealth Report providing critical insights into the dynamics of wealth accumulation within the digital asset space.
In-Depth AI Insights
What are the underlying drivers sustaining Bitcoin's surge beyond mere speculative interest, and what does the Trump administration's role signify? - Bitcoin's sustained rally is less about pure speculation and more about the increasing institutional acceptance of its