- There are 22 crypto billionaires in the world, with only six of them investing in Bitcoin.
- The report found Singapore, Switzerland, and the UAE emerging as the most crypto-friendly countries.
Only 22 people in the world have crypto investments worth at least $1 billion. Out of them, only six hold their investments in Bitcoin [BTC].
The findings were a part of the “Crypto Wealth Report” published by the London-based consultancy firm Henley & Partners on 5 September.
According to the report, there are 88,200 millionaires worldwide with crypto holdings. Out of them, 40,500 investors hold their virtual investments in Bitcoin.
The report also found that 182 individuals own more than $100 million in crypto. And 78 of these centi-millionaires hold their virtual investments in Bitcoin.
Though the report didn’t name any crypto billionaires, we know of the high-profile crypto holdings of certain individuals.
Digital Currency Group founder and CEO Barry Silbert, Gemini co-founders Cameron and Tyler Winklevoss, Binance [BNB] CEO Changpeng Zhao, Coinbase [COIN] CEO Brian Armstrong, Ripple [XRP] co-founder Chris Larsen and MicroStrategy executive chair Michael Saylor are among the wealthiest crypto investors.
In total, a staggering 425 million individuals across the world own some form of crypto assets.
Singapore, Switzerland and UAE most crypto-friendly countries
The report also included a Crypto Adoption Index. It considered a wide range of factors including public adoption, infrastructure adoption, the regulatory environment, tax regulations etc. to list the top crypto-friendly countries.
Singapore, Switzerland and the United Arab Emirates (UAE) have emerged as the top three countries leading the Index.
Hong Kong, Australia, UK, Canada, Malta, and Malaysia have also made it to the list of the top 10 crypto-friendly locations.
Singapore and UAE top the list in both tax-friendliness and public adoption. However, when it comes to regulatory environment, Singapore and Switzerland top the list, with the UAE falling far behind.
Henley & Partners CEO Juerg Steffen underlined a considerable surge in inquiries from crypto millionaires in recent months about crypto-friendly countries. He said,
“We have seen a significant spike in enquiries from crypto millionaires over the past six months looking to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their own countries and mitigate the risks of aggressive fiscal policies that tax digital assets at source.”
An array of crypto stakeholders, including entrepreneurs, traders, and miners are interested in investment migration strategies to optimize their crypto assets.
Combative regulation by enforcement and looming crypto bans are forcing crypto enthusiasts to look for safer havens.