The number of cryptocurrency millionaires has increased by 40% over the past year, reaching 241,700 individuals globally, according to Henley & Partners' latest Crypto Wealth Report. This growth coincides with the total crypto market capitalization surpassing $3.3 trillion by mid-2025, driven largely by institutional investment and ETF inflows.
Bitcoin led the gains, with the number of Bitcoin millionaires soaring 70% year-on-year to 145,100, as BTC outperformed the broader market between July 2024 and June 2025. The report also noted a 63% rise in Bitcoin centimillionaires (holders of over $100 million) to 254, and a 55% increase in Bitcoin billionaires to 17. Henley described this as a "watershed year for institutional adoption," with US-based spot Bitcoin ETF inflows growing from $37.3 billion to $60.6 billion in 2025 alone.
Ether also saw significant institutional interest, with spot ETH ETF inflows quadrupling to $13.4 billion. Advisory firms and hedge funds boosted their spot ETH ETF holdings to $1.35 billion and $688 million, respectively. Despite the wealth surge, total crypto user adoption grew modestly by 5% to 590 million globally.
Phillipp Baumann, founder of Z22 Technologies, attributed part of Bitcoin's rise to its growing role as a "base currency for accumulating wealth." The report, based on proprietary modeling and data from CoinMarketCap, Binance, and Etherscan, also highlighted top migration hubs for crypto investors, including the US, Singapore, and Hong Kong.
In related commentary, Galaxy Digital CEO Mike Novogratz cautioned that a $1 million Bitcoin price in 2026 would likely signal a US economic crisis rather than pure crypto success, emphasizing a preference for stability over extreme gains.