Report: Private wealth held in cryptocurrencies surges, global value exceeds $1 trillion

A new Crypto Wealth Report released by investment firm Henley & Partners in partnership with global wealth intelligence firm New World Wealth estimates that cryptocurrencies have now created 22 billionaires and 88,000 millionaires, and private wealth held in cryptocurrencies is increasing, with a total global value of more than $1 trillion.

Delving into the world of crypto assets, private wealth, and investment immigration trends, the report found that among 425 million cryptocurrency users, there are 22 billionaires, six of whom make their wealth solely from holding Bitcoin ; 88,200 millionaires (nearly half from Bitcoin); and 182 Centa millionaires (holding $100 million or more).

Specifically, Bitcoin has 210 million users, including 40,500 millionaires, 78 multi-millionaires, and 6 billionaires.

According to UBS’s latest Global Wealth Report, the 88,200 cryptocurrency millionaires represent just 0.15% of the world’s estimated 60 million millionaires.

The methodology behind the data involves New World Wealth tracking the movements and spending habits of more than 150,000 high-net-worth individuals and combining on-chain data and public information from cryptocurrency exchanges to model wealth. Henley & Partners does not reveal the names of the individuals in its database.

The study also estimates that the total number of cryptocurrency users worldwide is 425 million, accounting for approximately 5.3% of the current global population, of which 210 million are Bitcoin holders.

Singapore, Switzerland, and the UAE lead in crypto adoption metrics

The study also introduced a “Cryptocurrency Adoption Index” that rates the adoption of various jurisdictions based on six parameters: public adoption, infrastructure adoption, innovation and technology, regulatory environment, economic factors, and tax incentives.

Based on this methodology, Singapore topped the list with a score of 50.2 out of 60. It was followed by Switzerland (46.9), the United Arab Emirates (45.7), Hong Kong (45.6) and the United States (44.3).

The United States ranked fifth overall but ranked first in public and infrastructure adoption, followed by Canada and Australia. The United Kingdom ranked highest in innovation and technology.

Singapore, Switzerland, and the United Arab Emirates also ranked high in Henley & Partners’ ranking of the best investment immigration programs – allowing digital asset investors to obtain alternative residence permits and citizenship in these countries.

Cryptocurrency investments are reshaping the global wealth landscape as digital assets continue to gain traction. Henley & Partners said countries that embrace the industry and create a supportive environment are likely to see an influx of cryptocurrency wealth and investment in the coming years.