The global population of crypto millionaires climbed sharply over the past year, rising 40% to 241,700 by mid-2025, according to Henley & Partners’ latest Crypto Wealth Report.
Of the 36 billionaires identified, 17 are linked to Bitcoin, reflecting a 55% annual increase. Roughly 60% of all crypto millionaires also derive their wealth from Bitcoin. The number of Bitcoin millionaires rose 70% in the past year to drive most of the overall growth, and there are 450 crypto centimillionaires with holdings above US$100 million (AU$153 million).
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Henley described 2025 as a “watershed year for institutional adoption,” noting that public companies and financial firms have stepped up exposure to the asset class amid friendlier US policy. We could even see a fully-fledged framework by year-end, as the US Securities and Exchange Commission (SEC) is pressuring Congress to move faster on the Crypto Market Structure bill.
Moving on, Spot Bitcoin ETFs in the United States have expanded from US$37.3 billion (AU$57.1 billion) in inflows to US$60.6 billion (AU$92.9 billion) this year. Ether ETFs grew even faster, quadrupling to US$13.4 billion (AU$20.6 billion).
Investment advisers and hedge funds drove the rise, with holdings of US$1.35 billion (AU$2.07 billion) and US$688 million (AU$1.05 billion) respectively, while brokerages and private equity also increased positions.
Bitcoin holders accounted for most of the wealth expansion. Philipp Baumann, founder of Z22 Technologies, told Henley that Bitcoin is increasingly seen as the “base currency for accumulating wealth” among investors.
Bitcoin is becoming the foundation of a parallel financial system, where [it] is not merely an investment for speculation on fiat price appreciation, but the base currency for accumulating wealth.
Despite the rapid increase in wealthy holders, overall crypto adoption rose just 5% to 590 million users worldwide. They also represent just 0.4% of the world’s estimated 60 million millionaires.
The firm also examined migration trends for wealthy crypto investors, ranking Singapore, Hong Kong, and the United States as the leading hubs.
The US scored highest for public adoption, Hong Kong for infrastructure, and Singapore for innovation. Australia and Singapore were rated as most favourable for regulation, while Monaco and the UAE led in tax terms.
Malta and the UK also score highly overall, both offering sophisticated regulatory frameworks, while Canada, Thailand, and Australia complete the top tier with balanced strengths across multiple factors.
Related: US and UK Launch Transatlantic Task Force on Digital Assets
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