The number of Bitcoin millionaires surged by 111% over the past year, with 85,000 people now holding over $1 million in BTC, according to Henley and Partners’ 2024 Crypto Wealth Report.

The total number of cryptocurrency millionaires globally also rose to 172,300, a 95% increase.

The report highlighted significant growth among the crypto wealthy, including a 79% rise in those holding over $100 million and the addition of six new crypto billionaires, driven largely by Bitcoin’s price increase of 142%, Coin Telegraph has reported.

The growth was attributed to the introduction of spot Bitcoin exchange-traded funds.

Written by B.C. Begley