The Bitcoin surge has helped create over 80,000 new cryptocurrency millionaires within a year

ChainCatcher news, according to CNBC, the latest research report jointly released by New World Wealth and Henley & Partners shows that as of August 2024, the number of cryptocurrency millionaires worldwide has increased by 95% year-on-year, reaching 172,300. Among them, the number of individuals holding Bitcoin assets exceeding $1 million has grown by 103%, to 85,400. The report also notes that the number of individuals with cryptocurrency assets exceeding $100 million has risen to 325, and the number of billionaires has increased to 28, an increase of 6 from the same period last year.

This significant growth is mainly attributed to the successful launch and rapid development of Bitcoin ETFs. Since approval in January 2024, Bitcoin ETF assets have surpassed $50 billion, significantly boosting institutional investor participation. As of the report's release date, the price of Bitcoin has risen 45% this year, to approximately $64,000, driving the total market capitalization of cryptocurrency assets to $2.3 trillion.

Andrew Amoils, research director at New World Wealth, stated that among the 6 new cryptocurrency billionaires, 5 primarily accumulated their wealth through Bitcoin, highlighting Bitcoin's dominant position in attracting long-term large-hold investors. Forbes data shows that Binance founder Changpeng Zhao has retained the title of the richest person in cryptocurrency for the third consecutive year with a valuation of $33 billion, followed by Coinbase co-founder Brian Armstrong, with a valuation of approximately $11 billion. Despite Zhao pleading guilty to U.S. money laundering charges last November and agreeing to pay a $50 million fine, his net worth has still increased by over $10.5 billion in the past year.