LONDON, September 5, 2023 /PRNewswire/ — There are 88,200 crypto millionaires worldwide, with just under half (40,500) holding their fortune in Bitcoin, according to the first report. Crypto Wealth Report published by leading international specialists in wealth and investment migration Henley & Associates. Total crypto market value is now staggering $1.18 trillion and 425 million people around the world own cryptocurrencies.
This first of its kind report includes exclusive statistics on the number of crypto and Bitcoin millionaires, centimillionaires and billionaires provided by a global wealth intelligence company Wealth of the New World, plus insights from leading academics, industry experts, and crypto players. It also features Henley & Partners Cryptocurrency Adoption Indexwho compares the best residence And citizenship by investment programs for crypto investors.
Dr. Jürg Steffen CEO of Henley & Partners, says traders, miners, investors and cryptopreneurs are exploring investment migration strategies to safeguard their interests. “We have seen a significant increase in inquiries from crypto millionaires over the past six months, seeking to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their own countries and to mitigate against risks of aggressive tax policies that tax digital assets at a high level. source.”
To the Moon: Crypto is a “done deal”
In the global league of the super-rich, there are now 182 crypto centimillionaires (i.e. wealthy individuals holding crypto holdings of $100 million or more), 78 of whom are Bitcoiners, while six of the world’s 22 crypto billionaires amassed their fortune through Bitcoin trading.
As a global investment expert, Jeff D. Opdykepoints out in the report, “crypto is the most inevitable business and technology of the last 30 years, and now represents a fantastic buying opportunity as we are unlikely to ever see these prices again.” Dr. Niklas JRM Schmidt from the Austrian law firm Wolf Theiss explains how they should be kept, while Assoc. Teacher. Dr. Tevetoglublockchain law specialist Istanbul, warns of the “serious legal consequences” of thinking there are no laws governing blockchain technology and crypto assets. In his comment, Carlos Gonzalez Camporesearch analyst at 21Shares, points out that “while crypto asset valuation remains an emerging topic seeking consensus, particularly as the asset class grows and matures, there are some concrete methods investors can use “.
Best Bets for Crypto Investors
Featuring over 750 data points, the new Cryptocurrency Adoption Index evaluates and scores cryptocurrency-friendly investment migration host countries based on their level of adoption and integration of cryptocurrencies and blockchain technology. Singapore occupies first place in the general ranking with a score of 50.2 out of 60, or 83.76%, with Swiss in 2sd place (78.17%), followed closely by the United Arab Emirates at 76.17%. hong kong (4th over 76%), the UNITED STATES (5th on 73.83%), Australia (6th on 71.83%), and the United Kingdom (7th out of 71.17%) all land top honors in crypto adoption, with Canada (8th on 67.33%), Malta (9th out of 64.83%) and Malaysia (tenth at 62.5%) and also enters the Top 10.
Most tax-efficient options
In terms of tax benefit settingwhich assesses a country’s approach to taxing cryptocurrency activities, Singapore and the United Arab Emirates obtain a flawless 10 out of 10, with Hong Kong, MauritiusAnd Monaco scoring an impressive 9 out of 10, and Antigua and Barbuda, Malaysia, NamibiaAnd Swiss each scoring a respectable 8 out of 10.
The United Arab Emirates and Singapore are once again at the forefront in terms of public adoption, which measures the level of awareness, interest and engagement with cryptocurrencies in the general population, with everyone scoring 7 out of 10 for this metric. However, when it comes to infrastructure adoptionwhich assesses the technological underpinnings of crypto transactions and exchanges, such as the number of crypto ATMs, integration with local banks, and the presence of digital asset exchanges, in the UAE and the United States. Singapore tumbled in the rankings. The United States currently leads in this regard, with Greece, Thailand, hong kongAnd New Zealand all among the Top 10 countries with reasonably well-developed infrastructure that allows for smoother crypto adoption.
SOURCE Henley & Associates