The number of millionaires among Bitcoin holders jumped by 111% over the past year with 85,000 people now holding over $1 million in the BTC crypto market.
This increase is due to a 142% increase in the price of Bitcoin which is driving the growth of wealth among crypto investors. Not only BTC miners, the total number of crypto millionaires also increased by 95%.
The figures reflect that the strength of the crypto market is maturing even though the risk of ups and downs in the market remains large.
With increased access to investment products such as spot Bitcoin ETFs, more individuals have the opportunity to acquire significant wealth through investing in crypto.
Investors who have been holding Bitcoin for a long time or who got involved early in this market have profited greatly as a result of the recent price increase.
This situation also encourages the emergence of more new millionaires, especially among young investors who dare to take risks.
Andrew Amoils, Head of Research at New World Wealth said that even the cryptocurrency billionaires group has seen the highest growth. The increase depends entirely on the spike before the 'halving' period.
With the rapid development of blockchain technology and the wider adoption of crypto, this number is expected to continue to increase and create new opportunities for risk-averse investors.