There are over 140,000 wallet addresses containing between 10 and 100 BTC, according to the “Bitcoin Rich List”. However, not each of these portfolios will belong to a millionaire. There are roughly 24,233 wallets worth more than $1 million among people who are unquestionably Bitcoin millionaires.
There are no guarantees that you'll become a millionaire, but if you invest in the right places and hold those investments for the long term, it's still possible to see significant returns.
In the United States, high-income earners are disproportionately represented among crypto investors, with those making $100,000 or more annually comprising 25 percent of crypto owners but only 15 percent of the general public.
With all those people invested in crypto, it's fun to wonder how many crypto millionaires are out there. Calculating the exact number is challenging. Estimates say there are 81,408 people holding at least $1 million in Bitcoin , which is a staggering increase over two years ago when there were about 15,000.
Fully 83% of millennial millionaires own cryptocurrencies, according to the survey. The crypto holdings of millennial millionaires stand in stark contrast to older generations of millionaires, and could create a new dilemma for wealth management firms and how they work with clients.
Bitcoin millionaires are moving to Puerto Rico for lower taxes and island living. Bitcoin enthusiasts are flocking to Puerto Rico, thanks to tax breaks and an island lifestyle. As the community grows, it's attracting more newcomers from the states as well as curious locals.
As might be expected, Bitcoin (BTC 0.54%) is a favorite choice of billionaires looking to extend their wealth into new asset classes such as crypto. Lately, Ethereum (ETH 0.76%) has been attracting its own share of billionaire supporters.
reached their all-time high in 2021. The global market cap reached great heights. Not just that, many people made fortunes out of this gold rush, seven people became billionaires via crypto, bringing the total number of crypto billionaires to 19 as per the Forbes Billionares list.
For example, if the coin ever reaches $1 million, the company's current cache of roughly 130,000 Bitcoins would soar from $2.8 billion to $130 billion.
Ethereum. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. ETH has been at the forefront of a blockchain smart contract platform. It is one of the top 10 cryptocurrencies with millionaire-maker potential in 2022.
Only 7% of the supply (1.356 million BTC, worth $36.4 billion) is distributed among the nearly 46.5 million addresses with at least some bitcoin — but less than one — per BitInfoCharts. The other 93% (18 million BTC, worth $482.7 billion) exists in the one million addresses that now own a full BTC.
BTC has been one of the highest-profit cryptocurrencies, from a few cents to its record high of $68,000 in November 2021. In 2023, however, Wall Street Memes ($WSM) could easily yield you larger profits as it's in the early stage of its presale and sold at a lower price.
You can absolutely make money through crypto, just as you would trading any other type of asset. But with the extra volatility, there is a higher risk and higher potential profits.
However, there are necessary conditions for Ethereum to reach a value of $10,000. One crucial factor would be the continued restoration of investors' trust in the crypto market, which needs to be widespread to establish a conducive atmosphere for Ethereum's substantial and sustained growth.
Conclusion: Yes, Ethereum Can Reach $100K
A growing number of them have all agreed that it's merely a case of time before Ethereum potentially surges to $100,000 or more.
Just like a lot of other digital assets, Bitcoin has been built by its creator around the concept of a finite supply. This means that Satoshi has set a fixed upper limit regarding the number of Bitcoins that can ever come into existence. He set the Bitcoin supply upper limit at exactly 21 million.
Join us on social networks. Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.
Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.
Nakamoto is estimated to own approximately 1,000,000 BTC, worth around $27.13 billion. Other notable Bitcoin billionaires include individuals like the Winklevoss twins, institutional investors like MicroStrategy and governments such as those of the U.S. and China.
In less than a week, the cryptocurrency billionaire Sam Bankman-Fried went from industry leader to industry villain, lost most of his fortune, saw his $32 billion company plunge into bankruptcy and became the target of investigations by the Securities and Exchange Commission and the Justice Department.
Brian Armstrong, CEO and cofounder of U.S. crypto exchange Coinbase, is worth $2.2 billion–down from $6.6 billion last year, as a result of a slide in shares of his publicly traded company.
Without adjusting the PPP, the U.S. has the most crypto owners at roughly 13% of the population (or 46 million). Many 2021 surveys suggest at least 16% of Americans traded crypto.