Key Takeaways:
- Henley & Partners releases the world’s inaugural crypto wealth report, showcasing the presence of 88,200 crypto millionaires globally.
- The report highlights Bitcoin’s dominance among crypto millionaires (40,500) and a total crypto market value of $1,180 billion.
- Crypto investors increasingly explore investment migration strategies to protect assets, with top-ranking crypto-friendly countries including Singapore, Switzerland, and the UAE.
In the crypto-sphere, weather esports are rare. Given the fact that it is finance that we are talking about, it is amusing to find that, in fact, there did not exist any wealth report until now. Well, in an unprecedented twist, Henley & Partners, a prominent international wealth and investment migration specialist, has presented the world’s first crypto wealth report.
The report has revealed some interesting numbers and trends. Readers can find the report for their ready review here. For a more comprehensive review of the report and major findings, read on.
Report Findings
As per the report, the number of crypto millionaires worldwide is 88,200, with the dominance of Bitcoin amongst them being at 40,500. Moreover, the total market value of crypto has been found to be $1,180 Billion, with the total number of individuals present globally who own cryptocurrencies being 425 million.
Moreover, there is an increase in the number of crypto millionaires who are exploring investment migration strategies to protect their assets against potential regulations and fiscal policies. Interesting to note here is that the report also includes Henley & Partners’ Crypto Adoption Index. This index intends to compare the best residence and citizenship by investment programs specifically directed at crypto investors.
According to the CEO of Henley & Partners, Dr. Juerg Steffen, there has been a spike in traders, miners, investors, and cryptopreneurs as they explore investment migration strategies that are better equipped to safeguard their interests. According to him,
Henley & Partners Crypto Wealth Report
“We have seen a significant spike in inquiries from crypto millionaires over the past six months, who are all looking to build a viable ‘Plan B’ to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their countries, and to allay the risks of aggressive fiscal policies that tax digital assets at the source.”
As per the report, the top-ranking countries in the index include Singapore, Switzerland, and the UAE. These countries are famous for their crypto-friendly environments, and readers may want to do their research on this front.
Furthermore, the tax-friendliness parameters of countries like Singapore and the UAE are worthy of note. These countries have perfect scores in this category and are well-suited for crypto-enthusiasts. Another parameter pointed out in the report is public adoption. As the name suggests, this parameter measures the extent of awareness, interest, and involvement with cryptocurrencies among the general population. As per the report, the UAE and Singapore jointly hold the top spot in terms of public acceptance. Both countries score 7 out of 10 in this regard.
Other countries like the UK, US, Canada, Australia, Mauritius, Hong Kong, Switzerland, and Malta also rank in the Top 10. This ranking takes into account factors like the proportion of crypto users in the overall population and Google search interest in cryptocurrency-related topics.
As the evolution of crypto assets in the financial landscape continues, this report is surely going to serve as a pioneering framework for future statistics. With the worldwide adoption of cryptocurrency at the helm of development, users are encouraged to stay vigilant of the trends at all times.
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