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The Crypto Wealth Report 2024 by Henley & Partners also revealed that there are now 325 crypto centi-millionaires – those with crypto holdings of $100 million or more – an increase of 79%.
The number of crypto billionaires has risen by 27%, bringing the total to 28.
It said that there are 560 million crypto users in the world holding $2.3 trillion in assets, up 89% in value.
The figures include owners of Bitcoin, the most valuable cryptocurrency in the world.
The number of Bitcoin owners with more than $1 million in holdings has jumped 111% to 85,400 globally.
The cryptocurrency landscape of 2024 bears little resemblance to previous years, said Dominic Volek, group head of private clients at Henley & Partners.
Bitcoin’s rise to over $73,000 in March set a new all-time high, while the long-awaited approval of spot Bitcoin and Ethereum exchange-traded funds in the U.S. unleashed a torrent of institutional capital, he added.
Volek has seen a significant uptick in crypto-wealthy clients seeking alternative residence and citizenship options.
"These digital nomads are not just chasing tax optimization. They are in pursuit of jurisdictions that embrace innovation and offer regulatory environments conducive to their decentralized aspirations."
The Henley Crypto Adoption Index 2024 pointed out that Singapore is the most crypto-friendly market in the world, followed by Hong Kong, the United Arab Emirates, the U.S. and the U.K.
The index ranks markets according to several factors including public adoption, regulatory environment and tax-friendliness.
