More than 84,000 new crypto billionaires were created due to the Bitcoin rally in a year.

• The number of crypto millionaires worldwide increased by 95% in the past year due to the rise of bitcoin ETFs and other crypto assets, according to a recent study.
• A report from New World Wealth and Henley & Partners indicates that 172,300 individuals worldwide possess more than $1 million in crypto assets.
• The number of pure bitcoin millionaires more than doubled, to 85,400.
• The surge in bitcoin ETF assets, now exceeding $50 billion, reflects their rapid growth since their launch in January.

The number of crypto millionaires worldwide increased by 95% in the past year due to the rise in bitcoin exchange-traded funds and other crypto assets, as per a recent study.

The number of individuals worldwide holding more than $1 million in crypto assets has increased by 84,100 to reach 172,300, according to a report from New World Wealth and Henley & Partners. Additionally, the number of pure bitcoin millionaires has more than doubled, reaching 85,400.

The number of crypto centimillionaires and billionaires has increased significantly, with 325 centimillionaires and 28 billionaires, according to a report.

The surge in bitcoin ETF assets, now exceeding $50 billion since their January launch, has sparked institutional participation.

Bitcoin's price has surged 45% this year to around $64,000, while other cryptocurrencies have also risen in value. As a result, the total value of crypto assets has soared to $2.3 trillion from $1.2 trillion last summer, according to Henley & Partners.

According to Andrew Amoils, head of research for New World Wealth, five of the six new crypto billionaires created over the past year have attributed their wealth to bitcoin, highlighting its dominant position as a long-term investment option for those who buy large holdings.

For the third year in a row, Forbes has named Changpeng Zhao, the founder and former CEO of Binance, as the richest crypto billionaire. Despite pleading guilty to U.S. money laundering charges in November and agreeing to pay a $50 million fine, Zhao's wealth has increased by more than $10.5 billion over the past year.

According to Forbes, the second-richest person in the cryptocurrency industry is Brian Armstrong, the co-founder of Coinbase, worth an estimated $11 billion. He is followed by Giancarlo Devasini, the chief financial officer of Tether, and Michael Saylor, the co-founder of MicroStrategy, in the ranking.

Despite many crypto assets being below their 2021 highs, bitcoin's recent rise marks a three-year round trip to those levels. In November 2021, crypto assets reached a market cap of $3 trillion.

The increasing approval of crypto assets among major asset managers like and with the aid of Salesforce's 15,000 brokers could drive more wealth creation among big crypto investors.

The rise of crypto will not only produce more millionaires and billionaires but also alter the residency and workplaces of the wealthy, as per Henley & Partners.

Dominic Volek, head of private clients at Henley & Partners, stated that there has been a substantial increase in crypto-wealthy clients looking for alternative residence and citizenship options.

Henley developed a "Crypto Adoption Index" to assist new crypto nomads in making informed decisions about countries' tax and regulatory approaches to crypto. Singapore tops the index due to its supportive banking system, significant investment, comprehensive regulations such as the Payment Services Act, regulatory sandboxes, and alignment with global standards.

The U.S. ranked third in the world for cryptocurrency ownership, with 15% of the population owning cryptocurrencies. This is due to the country's strong infrastructure, including a high density of crypto ATMs, crypto-friendly banks, and an increasing number of businesses accepting cryptocurrency.