Bitcoin Still Anchors Crypto Wealth as Millionaire Count Slips to 135,694

1 hour ago 2 sources neutral

Key takeaways:

  • Bitcoin's wealth concentration persists despite 26% drawdown, signaling resilient holder conviction over altcoin exposure.
  • Altcoin market halving to $450B warns ETH and tokens face structural liquidity flight to Bitcoin.
  • Crypto tax reporting by 2027 may pressure millionaire relocation, testing Singapore and UAE's regulatory appeal.

The number of crypto millionaires worldwide has dropped to 135,694 as the digital asset market contracted to roughly $2.6 trillion, according to Henley & Partners’ Crypto Wealth Report 2026. Bitcoin remains the dominant store of crypto wealth, accounting for 92,272 millionaires and about $1.56 trillion of the total market value as of Aug. 31.

At higher wealth thresholds, Bitcoin’s dominance moderates. The report counts 290 crypto centimillionaires with at least $100 million in digital assets, 151 of them in Bitcoin, and 23 crypto billionaires, nine tied to Bitcoin. Among five publicly identifiable billionaires, three primarily hold tokens from networks they founded, while two hold Bitcoin.

Global crypto ownership has expanded to 742 million people, including 371 million Bitcoin holders, despite market declines. Henley estimates that crypto millionaires represent only about 0.018% of global holders, or roughly one millionaire for every 5,500 crypto owners.

The 2026 figures cannot be directly compared with previous editions because Henley rebuilt its methodology using public blockchain and market data. The 2025 edition had estimated 241,700 crypto millionaires, but the firm says the apparent 44% drop is not statistically valid due to the methodology change. Henley places the 2026 Bitcoin millionaire range at approximately 74,000 to 114,000, with ETF investors an important judgment-based adjustment.

Bitcoin traded at $78,008 on Aug. 31, down 26% from $105,869 in June 2025. Ethereum declined about 4% over the comparison period, while the broader altcoin market contracted from roughly $940 billion to $450 billion. Separate address data showed 123,222 Bitcoin addresses held at least $1 million in BTC, but Henley adjusts for institutional custody, lost coins, multiple wallets controlled by one owner, and off-chain ETF exposure to reach its individual estimates.

Singapore retained the top spot in Henley’s 2026 Crypto Adoption Index for a fourth consecutive year, followed by the UAE, Hong Kong, the US and Switzerland. The UAE received a 10 out of 10 for tax friendliness. Malta, Thailand, the UK, Cyprus and the Bahamas completed the top 10.

Tax reporting is becoming a larger factor for wealthy crypto holders. Henley said 76 jurisdictions had signed up to the OECD’s Crypto-Asset Reporting Framework, with the first automatic information exchanges among 46 jurisdictions expected in September 2027. Argentina committed this month, bringing the total to 77. Data collection began in January 2026 across 48 jurisdictions, including the UK and EU countries.

Dominic Volek, group head of private clients at Henley & Partners, said crypto may be borderless, but its owners are not. “Crypto may be borderless, but the families who own it are not,” Volek said, noting that wealthy investors increasingly weigh regulatory quality, courts, safety and international access when choosing where to live and structure their affairs.

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