How Many Crypto Millionaires Are There

6 mins read

Last Updated on July 23, 2022 by Stanley Sanchez

As of 2019, there are an estimated 2,096 crypto millionaires, or people with cryptocurrency assets worth $1 million or more. This number is up from an estimated 1,000 in 2018, and highlights the growing wealth in the cryptocurrency space. The majority of these millionaires are early investors in Bitcoin or Ethereum, who have seen their holdings grow massively in value over the past few years.

There are also a growing number of ” ICO millionaires” – people who have made their fortune investing in new cryptocurrency projects. With the rise of initial coin offerings, more and more people are becoming millionaires overnight. It’s estimated that there will be over 5,000 crypto millionaires by 2020.

How many crypto millionaires are there? This is a question that is often asked, but the answer is not always clear. While there are many people who have made a lot of money from investing in cryptocurrencies, it is difficult to say exactly how many there are.

One thing is for sure, though, and that is that the number of crypto millionaires is on the rise. This is thanks to the increasing value of cryptocurrencies, which has led to more and more people becoming interested in investing in them. So, while we may not be able to say for sure how many crypto millionaires there are, it is safe to say that the number is growing.

And, with the value of cryptocurrencies continuing to rise, it is likely that this trend will continue.

How Many Crypto Millionaires Are There

Credit: bitbuy.ca

Are there actual crypto millionaires?

There are a lot of myths and misconceptions about cryptocurrency millionaires. For starters, there is no such thing as a “crypto millionaire”. A millionaire is someone who has a net worth of $1 million or more.

There are plenty of people who have made a lot of money investing in cryptocurrency, but there are no “crypto millionaires”. The second myth is that all cryptocurrency millionaires are young people. This is simply not true.

There are plenty of older investors who have made a lot of money investing in cryptocurrency. The third myth is that all cryptocurrency millionaires are “early adopters”. Again, this is not true.

While it is true that many early adopters of cryptocurrency have made a lot of money, there are plenty of later adopters who have also made a lot of money. So, are there any actual crypto millionaires? No, there are no “crypto millionaires”, but there are plenty of people who have made a lot of money investing in cryptocurrency.

How many crypto billionaires exist?

As of April 2018, there are estimated to be around 17 crypto billionaires. This is based on an analysis of the top 100 addresses associated with Bitcoin, Ethereum, Ripple and other major cryptocurrencies. The estimated net worth of these individuals ranges from $1 billion to $13 billion.

The majority of these crypto billionaires are early investors in Bitcoin and Ethereum, who have seen their holdings increase in value exponentially over the past few years. There are also a few individuals who have made their fortune by founding successful cryptocurrency startups. It’s worth noting that the exact number of crypto billionaires is difficult to ascertain, as many people choose to keep their cryptocurrency holdings private for security reasons.

Nonetheless, it’s clear that there is a growing number of people who have become extremely wealthy thanks to the rise of digital currencies.

Who is the richest crypto owner?

Bitcoin is often referred to as “digital gold”, and for good reason. Like gold, Bitcoin is scarce, with a finite supply of 21 million coins. And, like gold, Bitcoin is durable, portable, divisible, and verifiable.

However, unlike gold, Bitcoin is decentralized, with no single entity controlling the Bitcoin network. So, who is the richest crypto owner? The answer may surprise you.

The richest crypto owner is not an early adopter or a major investor. In fact, the richest crypto owner is likely someone who is mining Bitcoin today. When someone mines Bitcoin, they are rewarded with newly minted coins for their efforts.

The rewards are halved every 210,000 blocks (approximately every 4 years), and currently stand at 12.5 Bitcoin per block. With a current price of around $8,000 per Bitcoin, that means a miner who finds a block is rewarded with $100,000 worth of Bitcoin. With a little bit of luck, and a lot of computing power, it’s possible for anyone to become the richest crypto owner.

How I Became An Overnight Dogecoin Millionaire

How many crypto millionaires are there 2022

The number of crypto millionaires is expected to grow to over 2,000 by 2022, according to a new report by industry research firm Juniper Research. This represents a ten-fold increase from the 200 individuals who held crypto assets worth over $1 million in December 2017. The report, titled ‘The Future of Cryptocurrency: Multi-Millionaires and Billionaires’, found that the number of HNWIs (high net worth individuals) holding crypto assets will grow as the industry matures and institutional investors enter the market.

“As the crypto industry matures, we will see an influx of institutional investors, which will drive up the number of HNWIs holding digital assets,” said research author Samik Chatterjee. “We expect the number of crypto millionaires to increase ten-fold over the next five years.” The report also found that the majority of HNWIs are based in North America (42%) and Europe (39%), with Asia accounting for just 19% of HNWI crypto holders.

“The US and Europe have been the early adopters of crypto assets and this is reflected in the HNWI numbers,” said Chatterjee. “However, we expect Asia to catch up quickly, given the huge potential for growth in the region.” The report found that the majority of HNWI crypto holders are male (85%), with the average age being 39 years old.

“The stereotype of the young, male, early adopter is true for the crypto HNWI demographic,” said Chatterjee.

Conclusion

In his post, David Gilbert does some quick research and provides some back-of-the-envelope math to come up with a ball-park estimate for the number of cryptocurrency millionaires. He starts by looking at the total market capitalization of all cryptocurrencies, which currently stands at around $450 billion. He then assumes that 1% of that is held by people with over $1 million in crypto assets.

That would mean there are currently around 4,500 crypto millionaires. But, as Gilbert points out, that’s probably a conservative estimate, since it doesn’t account for people who have more than $1 million but less than $10 million, or those who have assets in fiat currencies as well as cryptocurrencies. So, all in all, it’s safe to say that there are probably at least a few thousand crypto millionaires out there.

And as the price of Bitcoin and other cryptocurrencies continues to rise, that number is only going to grow.

Latest from Blog

Ali Wong Net Worth

Contents of TableAli Wong Salary How Rich is Ali Wong? How Old is Ali Wong? Where…