How many crypto millionaires are there?

According to available sources, determining the precise number of crypto millionaires poses a challenge. Nevertheless, recent estimates indicate a substantial rise in the figure, with approximately 81,408 individuals currently holding at least $1 million in Bitcoin. This represents a significant surge compared to the count of around 15,000 two years ago (source 1). However, it’s important to note that these numbers pertain to the number of wallets and not necessarily individual owners, as blockchain records merely reveal the existence of wallets and the amount of BTC they contain.

The count of bitcoin millionaires, much like the volatile nature of Bitcoin’s price, experiences significant fluctuations (source 4). Remarkably, findings from the CNBC Millionaire Survey indicate that nearly half of millennial millionaires allocate at least 25% of their total wealth to cryptocurrencies, underlining the growing interest in this digital asset class (source 2). It is worth noting that the number of paper millionaires has observed a decline of over 75% in the past nine months, with reported addresses containing holdings valued above $1 million amounting to a mere 26,284 (source 3).

Understanding the dynamics of crypto millionaires requires analyzing various factors such as market trends, early adoption, active trading, and successful blockchain projects. The cryptocurrency landscape remains highly volatile, emphasizing the need for cautious decision-making and thorough research before engaging in investment activities.