Worldwide Crypto Wealth Statistics

This breakdown analyzes the key statistics from the Crypto Wealth Report 2024, comparing overall cryptocurrency market data with Bitcoin-specific figures. The data reflects the state of crypto wealth as of June 30, 2024, with growth rates calculated from July 1, 2023, to June 30, 2024.

Wealth Tiers Analysis

Millionaires

- Crypto Overall:

- Total: 172,300

- Growth: +95% year-over-year

- Bitcoin Specific:

- Total: 85,400

- Growth: +111% year-over-year

Insight: The number of crypto millionaires nearly doubled in a year, with Bitcoin millionaires growing even faster. This suggests strong performance across the crypto market, with Bitcoin leading in wealth creation.

Centi-millionaires (USD 100 million+)

- Crypto Overall:

- Total: 325

- Growth: +79% year-over-year

- Bitcoin Specific:

- Total: 156

- Growth: +100% year-over-year

Insight: The ultra-wealthy segment in crypto saw significant growth, with Bitcoin centi-millionaires doubling in number. This indicates substantial wealth concentration in Bitcoin among high-net-worth individuals.

Billionaires

- Crypto Overall:

- Total: 28

- Growth: +27% year-over-year

- Bitcoin Specific:

- Total: 11

- Growth: +83% year-over-year

Insight: While the overall number of crypto billionaires grew modestly, Bitcoin billionaires increased dramatically. This suggests that Bitcoin remains a dominant force in creating extreme wealth within the crypto ecosystem.

Market Metrics

Total Crypto Users

- Crypto Overall:

- Total: 560 million

- Growth: +32% year-over-year

- Bitcoin Specific:

- Total: 275 million

- Growth: +31% year-over-year

Insight: User adoption continues to grow strongly for both crypto overall and Bitcoin specifically. Bitcoin users represent nearly half of all crypto users, highlighting its continued dominance in the market.

Total Market Value

- Crypto Overall:

- Total: USD 2.3 trillion

- Growth: +89% year-over-year

- Bitcoin Specific:

- Total: USD 1.2 trillion

- Growth: +103% year-over-year

Insight: The crypto market saw substantial value growth, with Bitcoin outpacing the overall market. Bitcoin represents over 52% of the total crypto market value, reinforcing its position as the leading cryptocurrency.

Key Observations

1. Rapid Wealth Creation: All wealth tiers experienced significant growth, with millionaires and centi-millionaires seeing the most dramatic increases.

2. Bitcoin's Dominance: Bitcoin consistently outperformed the broader crypto market in terms of growth across all categories, particularly in creating new billionaires.

3. Market Expansion: The total number of crypto users grew by about a third, indicating continued mainstream adoption.

4. Valuation Surge: The near-doubling of total market value suggests strong investor confidence and increased institutional involvement in the crypto space.

5. Wealth Concentration: The growth rates for higher wealth tiers (centi-millionaires and billionaires) outpaced user growth, indicating increasing wealth concentration among top holders.

The data reveals a crypto market in a strong growth phase, with Bitcoin leading in both user adoption and wealth creation. The significant increases across all wealth tiers, particularly in the higher echelons, suggest that crypto continues to be a potent force for wealth generation and redistribution in the global financial landscape.

The Crypto Wealth Report 2024 is a comprehensive analysis of global cryptocurrency wealth distribution and migration trends. This report is the result of a collaborative effort between Inevitable Insights, a leading global intelligence firm specializing in crypto wealth research, and various industry partners. The methodology employed in this report ensures a thorough and accurate representation of the current state of crypto wealth worldwide.

Data Collection and Analysis

Primary Data Source

Inevitable Insights maintains an extensive proprietary database that forms the cornerstone of this report. This database includes:

- Tracking of over 150,000 high-net-worth individuals (HNWIs)

- Special focus on ultra-high-net-worth individuals (UHNWIs) with crypto holdings exceeding USD 30 million

Database Composition

The database primarily focuses on two key groups:

1. Company Founders: Comprising approximately 50% of the database

2. High-Value Company Executives: Including individuals holding positions such as:

- Chairperson

- CEO

- President

- Director

- Managing Partner

Wealth Tier Modeling

Inevitable Insights employs sophisticated in-house wealth tier models to benchmark various categories of wealthy individuals:

- Billionaires

- Centi-millionaires

- Other high-net-worth individuals

These models utilize a progressive Lorenz curve distribution to ensure accurate representation across different wealth tiers.

Cryptocurrency Data Sources

To complement the proprietary database, the report incorporates open-source information on large crypto holdings from major platforms, including:

- CoinMarketCap

- Binance

- BscScan

- Etherscan

This multi-source approach allows for a comprehensive view of crypto wealth distribution across various blockchain networks and exchanges.

Wealth Migration Tracking

A key feature of the Crypto Wealth Report 2024 is its analysis of global wealth migration trends. Inevitable Insights' methodology includes:

- Systematic tracking of HNWI movements between countries and cities

- Analysis of factors influencing crypto wealth migration, such as regulatory changes, tax policies, and technological advancements in different jurisdictions

Data Privacy and Ethical Considerations

Inevitable Insights maintains strict ethical standards in its data collection and reporting:

- Anonymity: The firm never discloses the names of individuals in its database

- Data Usage: The database is used exclusively for in-house statistical studies

- Compliance: All data collection and analysis methods comply with relevant data protection regulations

Limitations and Considerations

While the methodology strives for accuracy and comprehensiveness, it's important to note certain limitations:

1. Crypto Volatility: The highly volatile nature of cryptocurrency markets can lead to rapid changes in wealth distribution

2. Privacy in Crypto: The pseudonymous nature of many cryptocurrency transactions can make precise tracking challenging

3. Emerging Markets: Less developed crypto markets may have limited data availability, potentially affecting the completeness of the analysis in certain regions

Conclusion

The methodology employed in the Crypto Wealth Report 2024 represents a rigorous approach to understanding the global landscape of cryptocurrency wealth. By combining proprietary data with open-source information and employing advanced modeling techniques, Inevitable Insights provides a comprehensive and nuanced view of crypto wealth distribution and migration trends.

This report serves as a valuable resource for policymakers, investors, and researchers seeking to understand the dynamics of wealth in the rapidly evolving cryptocurrency ecosystem. Credits for the research to New World Wealth.