The possibility of becoming a crypto millionaire has captivated many, raising the question: How many crypto millionaires are there, actually? In its nearly 15-year-long history, the crypto space has made numerous multi-millionaires.

Early Bitcoin investors have reaped significant returns with minimal investments. There are frequent stories about small-time investors who have made generational wealth with the emerging new asset class, and some even discuss becoming a Bitcoin millionaire overnight.

Let’s learn more about how the crypto market has turned everyday investors into millionaires.

How Many Crypto Millionaires Are There in the World?

The growing fascination with cryptocurrency is undeniable, and an increasing number of people are exploring the potential for wealth generation.

Although determining the precise number of crypto millionaires can be difficult, according to the estimates from April 2024, there are around 88,200 crypto millionaires globally.

Almost half of them have earned their fortune through Bitcoin. The Bitcoin crypto billionaire list includes only six people in the world holding at least one billion dollars in Bitcoin.

‍According to recent studies, millennials consider crypto to be a leading avenue for wealth generation. In fact, 83% of millennial millionaires have invested in cryptocurrency, and over half have invested at least 50% of their wealth in crypto assets.

How Many Crypto Millionaires Are There in America?

America ranks fifth globally for crypto adoption. Although the exact number of crypto millionaires in America isn’t publicly available, it’s estimated that a substantial portion of the crypto millionaires in the world live in the US.

Which Crypto Has Made the Most Millionaires?

Because of the volatility of the crypto market, it’s challenging to precisely count who is and who isn’t a millionaire. Still, here are some rough numbers.

Bitcoin is considered the predominant asset among crypto millionaires, but other assets have also made people into crypto millionaires.

For instance, over 10,000 addresses hold at least $1 million worth of Ethereum. Moreover, Vitalik Buterun, the co-founder of Ethereum, became the youngest crypto billionaire in the world at the age of 27.

Altcoins also have their share of millionaires, especially among stablecoins. For example, more than 30 Tether wallet addresses hold over a million coins.

Shiba Inu is also known to have created multi-millionaires in a short period. In fact, early investors earned millions of dollars in profit in the first year.

How Many Bitcoin Millionaires Are There?

Since the rise of cryptocurrency, Bitcoin has been one of the most profitable options. It started at nearly nothing and hit a peak of about $73,000. Over the past ten years, Bitcoin has outperformed many major tech stocks in terms of returns. So, how many crypto millionaires have made their wealth by investing in Bitcoin?

Out of the total number of crypto millionaires, almost 50%, or 40,500 individuals, represent Bitcoin millionaires. The richest Bitcoin owners include corporate giants (Grayscale Bitcoin Trust, Microstrategy), individual holders (Satoshi Nakamoto, Changpeng Zhao), and country holders (the US).

It’s never too late to get involved; Bitcoin mining is still profitable.

Who Is the Richest Bitcoin Holder?

Many crypto millionaire stories reveal that Satoshi Nakamoto, Bitcoin’s creator, is believed to be the richest Bitcoin holder. Satoshi supposedly holds 1.1 million BTC, wealth accrued from mining in the early stages of the cryptocurrency, placing him at the top of the Bitcoin millionaires list.

It’s believed that starting from January 3, 2009, Nakamoto mined over 22,000 blocks and gained over one million BTC in cumulative block rewards in return, making him one of the people who got rich from Bitcoin.

This serves as a testament to his visionary belief in this project. The untouched hoard since 2010 reflects Satoshi’s intent for Bitcoin, which is to be a decentralized financial system instead of a personal fortune. Nakamoto’s reasons for anonymity and their true identity add to the mystery that keeps the crypto space fascinating.

Additionally, the title of the youngest Bitcoin millionaire is held by Olaf Carlson-Wee, an American entrepreneur.

How to Become a Crypto Millionaire

If you are looking for strategies that will help you become a crypto millionaire, check out the following ones:

  • Risk management: Managing risk is a crucial factor and involves knowing strategies that will help you not lose all your investment.
  • Strategic investments: Rather than investing by feeling, make well-informed investments, as they offer more opportunities to make profits. Understanding the best place and time to buy crypto is a critical feature of cryptocurrency millionaires.
  • Security: Protecting yourself from hackers and scams is maybe even more important than learning strategies. What helps is choosing a secure wallet, like Best Wallet, which prioritizes your security.
  • Early funding of startups: Early investments in top crypto ICOs and startups with solid teams and visions can result in substantial returns, creating a way to a millionaire status for intelligent investors.
  • Education: Constantly learning and following crypto-related news is an important quality of the richest crypto traders and one factor contributing to their wealth.
  • Initiative: Get started with your crypto journey with confidence. Accept beginner-friendly information and use customer testimonials to guide you in your path.

Conclusion

How many crypto millionaires are there? Even though determining the precise number of crypto millionaires can be complex, according to the latest estimates, which are from April 2024, there are around 88,200 crypto millionaires globally, of which almost half, or 40,500, have earned their fortune through Bitcoin.

Moreover, 83% of millennial millionaires have invested in cryptocurrency. Satoshi Nakamoto, who supposedly holds 1.1 million BTC, is believed to be the richest Bitcoin holder. Other cryptocurrencies making people millionaires are Ethereum, Tether, and Shiba Inu.

Strategies to help you become a crypto millionaire include strategic investments, early funding of startups, education, risk management, security, and initiative.

FAQs

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