Bitcoin Surge Creates Over 84,000 New Crypto Billionaires

The population of crypto millionaires has increased by 95% over the past year, according to a report from New World Wealth and Henley & Partners. There are now 172,300 individuals globally holding more than $1 million in crypto assets, up from 88,200 the previous year. The number of bitcoin millionaires alone has more than doubled to 85,400. The ranks of the crypto wealthy have expanded, including 325 crypto centimillionaires and 28 crypto billionaires.

This surge is attributed to the rapid growth of bitcoin ETFs, which now have over $50 billion in assets since their launch in January. The market capitalization of crypto assets has grown to $2.3 trillion, a significant increase from $1.2 trillion last summer. The price of bitcoin itself has risen by 45% to approximately $64,000. The wealthiest crypto billionaire is Changpeng Zhao, founder and former CEO of Binance, with an estimated worth of $33 billion.