The world of crypto wealth is expanding at a pace few traditional asset classes can match. According to the Crypto Wealth Report 2025 by Henley & Partners, the number of individuals holding $1 million or more in crypto has surged 40% over the past year, reaching 241,700 people globally.
Bitcoin at the Core of Wealth Creation
Unsurprisingly, Bitcoin remains the undisputed driver of this explosive growth. The report shows that Bitcoin millionaires jumped 70% year-over-year, with 145,100 holders now surpassing the $1 million mark in BTC wealth. At the very top, 450 centi-millionaires hold portfolios above $100 million, while 36 crypto billionaires have emerged as the titans of this new asset class.
Rather than being treated purely as a speculative bet, Bitcoin is increasingly viewed as a foundational asset in a parallel financial system. As Philipp A. Baumann, founder of Z22 Technologies, puts it:
> “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.”
The Bigger Picture: A $3.3 Trillion Market
This surge in millionaire counts coincides with a broader rally across digital assets. Total market capitalization hit $3.3 trillion in June, marking a 45% increase year-on-year. Such growth highlights how crypto is transitioning from niche adoption into a core pillar of global finance.
Borderless Wealth: A New Paradigm
Beyond the numbers, the report highlights a fundamental shift in how wealth is stored and moved. Unlike traditional assets tied to geography, crypto wealth is inherently borderless and portable. With nothing more than a seed phrase, billions of dollars in value can be secured and accessed anywhere in the world.
As Dominic Volek, Group Head of Private Clients at Henley & Partners, notes:
> “Today, cryptocurrency has made geography optional — with nothing more than 12 memorized words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike.”
Global Hubs of Crypto Wealth
Crypto’s rise is also reshaping patterns of global residency and citizenship. According to Henley’s Crypto Adoption Index, Singapore, Hong Kong, the U.S., Switzerland, and the UAE rank as the most crypto-friendly jurisdictions, attracting high-net-worth individuals seeking tax efficiency, regulatory clarity, and banking access.
This reflects a broader trend: in 2024 alone, over $14 trillion in wealth shifted across borders, and digital assets are increasingly at the center of this movement.
Looking Ahead
The rapid growth of crypto millionaires signals more than just rising prices—it represents a new era of wealth creation built on decentralized, borderless finance. As Bitcoin cements its role as the base layer of this emerging system, the distinction between “crypto wealth” and “traditional wealth” may blur, giving rise to a truly global financial order.
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