- According to the report, there are 88,200 millionaires worldwide with crypto assets. Out of these individuals, 40,500 hold their virtual investments in Bitcoin.
- The report also included a Crypto Adoption Index, which considered a range of factors such as public adoption, infrastructure adoption, regulatory environment, and tax regulations.
- Singapore and the UAE topped the list in both tax-friendliness and public adoption. However, when it comes to the regulatory environment, Singapore and Switzerland take the lead, with the UAE lagging behind.
A crypto report published by London-based consultancy firm Henley & Partners identified Bitcoin and crypto millionaires and billionaires around the world.
Crypto Billionaires Worldwide
Only 22 people in the world have at least $1 billion worth of crypto investments, and only six of them hold their investments in Bitcoin. These findings are part of the “Crypto Wealth Report” published by London-based consultancy firm Henley & Partners on September 5th.
According to the report, there are 88,200 millionaires worldwide with crypto assets. Out of these individuals, 40,500 hold their virtual investments in Bitcoin. The report also found that 182 people own over $100 million in crypto assets, and out of these hundred individuals, 78 hold their virtual investments in Bitcoin. Although the report does not name any crypto billionaires, we do know the high-profile crypto assets of some individuals.
The founder and CEO of Digital Currency Group, Barry Silbert, Gemini’s co-founders Cameron and Tyler Winklevoss, Binance CEO Changpeng Zhao, Coinbase CEO Brian Armstrong, Ripple co-founder Chris Larsen, and MicroStrategy Chairman Michael Saylor are among the richest crypto investors. In total, surprisingly, 425 million people worldwide own some form of crypto assets.
Singapore, Switzerland, and the United Arab Emirates Are the Most Crypto-Friendly Countries
The report also included a Crypto Adoption Index, which considered factors such as public adoption, infrastructure adoption, the regulatory environment, and tax regulations to list the most crypto-friendly countries.
Singapore, Switzerland, and the United Arab Emirates (UAE) emerged as the top three countries leading the index. Hong Kong, Australia, the United Kingdom, Canada, Malta, and Malaysia also made it to the top 10 crypto-friendly position list.
Singapore and the UAE topped the list in both tax-friendliness and public adoption. However, when it comes to the regulatory environment, Singapore and Switzerland take the lead, with the UAE lagging behind. Juerg Steffen, CEO of Henley & Partners, emphasized that they have received a significant number of inquiries from crypto millionaires about crypto-friendly countries in recent months and stated:
“In the last six months, we have received a significant number of inquiries from crypto millionaires looking to protect themselves against future bans on cryptocurrency trading or use in their own countries and mitigate the risks of aggressive tax policies that tax digital assets at their source.”
Strong regulations and impending crypto bans are pushing crypto enthusiasts to seek safer havens.
