How many millionaires from crypto?
In an inaugural Crypto Wealth Report, Henley & Partners sheds light on this intriguing subject, revealing that there are currently 88,200 crypto millionaires globally. Who are they, and what assets do they prefer? This article delves into the prospects, challenges, and realities of crypto millionaires.
The truth is that you can get rich by investing in crypto, but making money in crypto is the same as making money with any type of investment. To become rich, you have to do your research, work with a financial advisor, follow specific markets and make trades at the right time.
How many billionaires own Bitcoin? According to the Crypto Wealth Report by Henley & Partners, there were 88,200 crypto millionaires worldwide as of September 2023. 40,500 of these crypto millionaires have amassed their fortune in Bitcoin (BTC).
If Bitcoin soars from $70,000 to $1 million, it might still be possible to see a more than 10x return on your crypto investment. However, the days of 100x and 1,000x returns may be over, and that would limit your chances of becoming a crypto billionaire.
According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Yes, there are a reported 40,500 Bitcoin millionaires. But there are also 1 million crypto wallets worldwide that hold at least one whole Bitcoin. Thus, just based on these figures, your chance of becoming a millionaire (even if you choose to invest $43,000 for a whole Bitcoin today) could be less than 5%.
What is a crypto scam and how can one avoid it? Absolutely, it's possible for someone to make significant gains in cryptocurrency, but becoming rich overnight is quite rare. It usually requires careful research, strategic investments, and a long-term approach. Now, let's talk about crypto scams and how to avoid them!
Bitcoin accounts for more than half of crypto-millionaires fortunes while 72 of the centi-millionaires and six of the crypto-billionaires made their fortunes from trading Bitcoin. However, these fortunes may be at risk, leading to these super-wealthy individuals seeking assistance to protect their digital currencies.
In addition to any lasting reputational damage, Brady and his supermodel ex-wife, Gisele Bündchen, have likely lost most or all of the sizable financial stake they had in FTX. The crypto space has long been awash with A-listers.
The total market cap of all cryptocurrencies is $1.18 trillion. Out of all 425 million crypto users, just 22 are crypto billionaires. There are 182 crypto centimillionaires. And there are 88,200 crypto millionaires.
Who is the richest Bitcoin owner who died?
On June 23, 2021, millionaire Bitcoin supporter Mircea Popescu, 41, drowned off the coast of Costa Rica. His untimely passing and projected Bitcoin worth of $1 billion raised concerns about what would happen to his substantial digital holdings. Popescu established MPEx, a Bitcoin securities exchange, in 2012.
Cryptocurrency is a very volatile asset and unlike stocks, often does not have rationale behind price movements apart from market sentiment. However, based on all of this analysis, I believe that $100K BTC is definitely possible, which means you would need about 10 BTC to be a millionaire by 2030.
According to the report, six—or almost one in three—of the world's crypto billionaires reached that status by holding Bitcoin. That means just 0.000003% of those who hold Bitcoin have Bitcoin assets worth more than $1 billion.
Some who've braved the crypto waters have dove deep. After removing the top and bottom 1% of survey respondents, the average amount invested in crypto — according to our research — is $7,738, with a median of $500. Many people have a set amount of money they're able and/or willing to invest.
Key Findings. Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
The top Bitcoin holder is still believed to be Satoshi Nakamoto, the anonymous creator of Bitcoin, who reportedly holds around 1.1 million BTC across many wallets. Despite this large holding, the top 10 holders collectively only possess about 5.5% of the total Bitcoin supply.
- Use an exchange to sell crypto. ...
- Use your broker to sell crypto. ...
- Go with a peer-to-peer trade. ...
- Cash out at a Bitcoin ATM. ...
- Trade one crypto for another and then cash out.
With its upcoming transition to Ethereum 2.0 and the promise of scalability and reduced transaction fees, Ethereum is positioned to continue its upward trajectory and potentially reach new all-time highs by 2025.
“Very rich” depends on your investment and level after which you consider one to be very rich. To gain substantial profit from bitcoins investment, invest considerable amount and then leave it for many months and let the price increase, after around 5 to 7 years you'll definitely get many times of your investment.
Use an exchange to sell crypto
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
How do you make $100 a day with crypto?
To succeed in day trading, it's essential to develop a solid understanding of technical analysis, chart patterns, and market indicators. Implementing a disciplined approach, setting profit targets, and using stop-loss orders can help minimize risks and maximize potential gains.
Bitcoin (BTC-USD) seems to be in a zone of consolidation before the next big rally. With several catalysts, I expect a major bull market for cryptocurrencies over the next 24 months. With the rally just getting started, it's a good time to accumulate cryptos with millionaire potential.
Tom Brady lost millions in the collapse of cryptocurrency company FTX, for which he served as an "ambassador," The New York Times reported Friday.
Former billionaire Sam Bankman-fried was once the face of crypto but was arrested last year after his company FTX went bankrupt.
According to a survey from lendingtree.com, conducted in November 2022, a higher percentage of 38% of cryptocurrency investors have reported to lost money rather than profited, 28% say they made a profit, and only 13% broke even. Be mindful, past performance is not an indicator of future results.
References
- https://www.brookings.edu/articles/the-brutal-truth-about-bitcoin/
- https://www.fool.com/investing/2024/03/17/could-bitcoin-be-a-billionaire-maker/
- https://www.blockpit.io/blog/is-now-a-good-time-to-invest-in-crypto
- https://www.bbc.com/news/technology-68434579
- https://www.forbes.com/advisor/investing/cryptocurrency/top-10-cryptocurrencies/
- https://changelly.com/blog/bitcoin-price-prediction/
- https://finance.yahoo.com/news/crypto-vs-stocks-better-choice-184148184.html
- https://fortune.com/crypto/2023/09/06/henley-partners-6-bitcoin-billionaires-world-new-report/
- https://www.investopedia.com/ask/answers/121515/bitcoin-legal-us.asp
- https://finance.yahoo.com/personal-finance/should-you-invest-in-bitcoin-151647017.html
- https://www.linkedin.com/pulse/how-do-you-make-1000-month-crypto-mining-alwin-technologies-fintech
- https://www.nerdwallet.com/article/investing/make-money-with-bitcoin
- https://www.cnbctv18.com/cryptocurrency/crypto-putin-bans-digital-payments-a-quick-recap-of-russia-love-hate-relationship-with-it-14170302.htm
- https://m.economictimes.com/markets/cryptocurrency/the-future-of-crypto-top-trends-for-2024/articleshow/105717702.cms
- https://www.brex.com/resources/risks-of-owning-crypto
- https://www.techopedia.com/cryptocurrency/most-profitable-crypto
- https://www.techopedia.com/how-many-crypto-millionaires-are-there
- https://www.quora.com/Is-it-possible-to-invest-200-in-Bitcoin-and-get-1-000-after-a-week
- https://www.quora.com/If-I-invest-500-per-month-in-bitcoin-starting-today-and-the-price-rises-to-1-million-dollars-per-coin-in-10-years-how-much-do-I-earn
- https://www.quora.com/Why-do-people-say-that-you-shouldnt-invest-money-into-cryptocurrency-like-bitcoin-if-they-dont-have-any-knowledge-about-it-and-are-just-relying-on-someone-elses-opinion
- https://www.channel4.com/news/crypto-billionaire-sam-bankman-fried-found-guilty-of-fraud-and-money-laundering
- https://www.ccn.com/news/crypto-billionaires-dead-mellon-algaba-mushegian-mysterious-deaths/
- https://www.businessinsider.com/cryptocurrency-millionaires-new-wealth-digital-currency-henley-partners-2023-9
- https://coincodex.com/convert/usd/bitcoin/20/
- https://www.quora.com/Can-someone-still-make-a-significant-amount-of-money-with-Cryptocurrency-at-present-or-is-it-too-late-for-that
- https://primexbt.com/for-traders/what-to-expect-if-i-invest-100-in-bitcoin-today/
- https://www.statista.com/topics/11152/cryptocurrency-in-japan/
- https://www.nasdaq.com/articles/heres-how-much-%24100-invested-in-bitcoin-today-will-be-worth-if-crypto-hits-new-all-time
- https://www.forbes.com/advisor/in/investing/cryptocurrency/crypto-bill/
- https://www.forbes.com/advisor/in/investing/cryptocurrency/advantages-of-cryptocurrency/
- https://www.quora.com/How-long-did-it-take-for-anyone-to-become-rich-off-of-bitcoin
- https://changelly.com/blog/profit-by-trading/
- https://www.cnbctv18.com/cryptocurrency/crypto-millionaires-rags-to-richest-5-ordinary-people-14384312.htm
- https://internationalman.com/articles/can-the-government-ban-bitcoin-four-things-you-need-to-know-today/
- https://www.binance.com/en/square/post/1540943
- https://www.weforum.org/agenda/2022/01/what-s-behind-china-s-cryptocurrency-ban/
- https://www.nasdaq.com/articles/this-crypto-could-put-you-on-the-path-to-millionaire-status
- https://www.forbes.com/sites/baldwin/2023/12/20/where-are-the-crypto-hot-spots/
- https://www.fool.com/investing/2023/08/22/100-in-bitcoin-5-years-ago-is-worth-this-much-now/
- https://www.tokenmetrics.com/blog/future-of-crypto-in-the-next-5-years
- https://www.nerdwallet.com/article/investing/what-is-bitcoin
- https://chaindebrief.com/how-many-bitcoin-do-i-need-to-be-a-millionaire-by-2030/
- https://www.quora.com/How-do-people-make-a-living-off-of-Bitcoin-Do-they-just-buy-and-sell-like-crazy-or-is-there-something-more-to-it
- https://money.com/cryptocurrency-legal-status-by-country/
- https://finance.yahoo.com/news/top-cryptocurrency-altcoins-2024-solana-173000264.html
- https://www.globalmediainsight.com/blog/cryptocurrency-dubai/
- https://www.quora.com/Is-it-possible-to-become-rich-overnight-by-investing-in-cryptocurrency-If-so-how-and-which-coin-should-be-invested-in-first
- https://eg.andersen.com/cryptocurrency-in-egypt/
- https://www.nerdwallet.com/article/investing/is-bitcoin-a-good-investment
- https://www.forbes.com/uk/advisor/investing/cryptocurrency/cryptocurrency-statistics/
- https://finance.yahoo.com/news/bitcoin-keeps-running-owning-3-182229190.html
- https://www.wealthprofessional.ca/investments/alternative-investments/crypto-holdings-have-made-some-people-billionaires-but-how-many/379427
- https://www.techopedia.com/cryptocurrency-bans-explained-which-countries-have-restricted-crypto
- https://www.quora.com/What-is-the-US-governments-stance-on-Bitcoin-What-could-be-the-potential-consequences-if-the-government-successfully-bans-crypto-trading-through-companies-like-Coinbase-and-Gemini
- https://www.schwab.com/learn/story/cryptocurrencies-should-you-invest-them
- https://cryptonews.com/news/how-to-get-rich-off-crypto.htm
- https://www.tokenmetrics.com/blog/how-to-make-money-with-cryptocurrency
- https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
- https://www.techopedia.com/who-owns-the-most-bitcoin
- https://www.reuters.com/technology/bruised-by-stock-market-chinese-rush-into-banned-bitcoin-2024-01-25/
- https://www.binance.com/en-IN/feed/post/4428783809265
- https://www.statista.com/statistics/1224757/bitcoin-atms-city-russia/
- https://www.quora.com/Can-people-make-money-with-cryptocurrency-If-so-what-methods-do-they-use-and-which-currency-is-most-profitable
- https://www.quora.com/Why-cant-some-countries-ban-cryptocurrencies-if-they-want-to-And-how-hard-is-it-for-them-to-regulate-cryptocurrencies-if-they-want-to
- https://www.lendingtree.com/debt-consolidation/crypto-investors-survey/
- https://nbx.com/crypto101/how-many-people-own-1-bitcoin
- https://www.wealthbriefingasia.com/article.php?id=199003
- https://www.coindesk.com/consensus-magazine/crypto-2024/?_rsc=1h23u
- https://finance.yahoo.com/news/invest-1-000-today-bitcoin-180123693.html
- https://koinly.io/blog/best-crypto-friendly-banks/
- https://www.ramseysolutions.com/retirement/investing-in-cryptocurrency
- https://www.ledger.com/academy/topics/crypto/who-owns-the-most-bitcoin-the-largest-bitcoin-wallet-addresses
- https://www.techopedia.com/crypto-billionaires-11-individuals-who-struck-it-rich-with-cryptocurrencies
- https://www.binance.com/en/feed/post/661995
- https://community.ig.com/forums/topic/24861-can-crypto-break-you/
- https://www.nasdaq.com/articles/3-cryptos-with-serious-potential-to-make-you-a-millionaire
- https://www.quora.com/Is-it-true-that-no-one-has-ever-lost-money-with-Bitcoin-and-other-cryptocurrencies-Is-there-always-a-buyer-for-every-seller-and-vice-versa-in-the-crypto-market
- https://www.thetimes.co.uk/money-mentor/investing/cryptocurrency/how-high-could-bitcoins-price-go
- https://finance.yahoo.com/news/cash-crypto-bitcoin-154906515.html
- https://coinledger.io/tools/best-crypto-for-staking
- https://en.wikipedia.org/wiki/Bitcoin
- https://www.nasdaq.com/articles/could-bitcoin-be-a-billionaire-maker
- https://www.ledgerinsights.com/florida-bill-regulate-stablecoin-banks-crypto/
- https://www.binance.com/en/feed/post/642582
- https://coincodex.com/article/23669/what-if-i-invest-100-in-bitcoin-today/
- https://www.latimes.com/entertainment-arts/business/story/2023-01-18/has-hollywood-learned-its-lesson-from-the-ftx-debacle
- https://www.linkedin.com/pulse/can-you-get-rich-from-investing-crypto-michelle-hunt-kpojc
- https://coincodex.com/convert/usd/bitcoin/100/
- https://www.linkedin.com/pulse/why-do-some-central-banks-fear-cryptocurrency-adoption-jameson
- https://www.investopedia.com/articles/investing/050715/can-bitcoin-kill-central-banks.asp
- https://www.kraken.com/convert/usd/btc
- https://www.nerdwallet.com/article/investing/how-to-invest-in-bitcoin
- https://www.forbes.com/sites/johnhyatt/2022/04/05/the-richest-crypto-and-blockchain-billionaires-in-the-world-2022/
- https://www.quora.com/If-I-invest-500-in-Bitcoin-at-the-start-of-2022-how-much-money-will-I-expect-in-the-next-5-years
- https://www.fool.com/investing/2024/02/17/if-you-invested-1000-in-bitcoin-5-years-ago-this-i/
- https://www.quora.com/How-much-can-I-expect-if-I-invest-500-in-Bitcoin
- https://finance.yahoo.com/news/crypto-rise-could-help-become-115000983.html
- https://www.fastcompany.com/90949038/bitcoin-price-billionaires-list-crypto-wealth-2023
- https://www.binance.com/en/feed/post/653186
- https://medium.com/coinmonks/top-10-cryptos-to-hold-become-a-millionaire-in-2025-59b8c5d251cf
- https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp
- https://www.quora.com/Why-dont-people-have-interest-in-crypto
- https://www.investopedia.com/news/why-do-high-net-worth-individuals-avoid-crypto/
- https://www.thetimes.co.uk/money-mentor/investing/cryptocurrency/cryptocurrency-good-investment
- https://www.cnbc.com/2024/02/15/how-much-money-1000-dollars-invested-in-bitcoin-10-years-ago-would-be-worth.html
- https://www.bankrate.com/investing/how-to-cash-out-crypto-bitcoin/
- https://www.quora.com/Is-it-possible-for-100-to-turn-into-millions-through-crypto-trading-or-investing
- https://www.blockpit.io/en-us/tax-guides/can-the-irs-track-cryptocurrency
- https://www.espn.com/nfl/story/_/id/37974774/report-tom-brady-lost-30m-collapse-crypto-giant-ftx
- https://www.techopedia.com/cryptocurrency/crypto-that-will-make-you-rich
- https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction