The number of Bitcoin millionaires worldwide has reached a record high.
Bitcoin's rise over the past year from $60,000 to more than $120,000 has driven a record increase in the number of investors with portfolios of $1 million or more, according to experts on CNBC's Squawk Box.
The number of new Bitcoin millionaires increased by 70,000 from October to October.
“Bitcoin has risen more than 70% in a year, creating a whole new army of wealthy individuals. About 40% of these new millionaires are in the US, and 30% are in Asia,” said CNBC analyst Sarah Lane.
Hennessy Funds portfolio manager Jack McIntyre added that the rise of crypto millionaires is gradually changing the global financial landscape as cryptocurrencies “integrate into traditional investment portfolios, paving the way from simple fiat savings to the future of finance.”
CNBC host Shepard Smith noted that just five years ago this seemed unbelievable, but today it is already a reality, attracting millions of investors to the industry.
Participants in the program agreed that investors should monitor market signals to avoid missing the next reversal.
“Yesterday's millionaires could lose everything overnight if the market crashes. Invest wisely; the cryptocurrency market is a roller coaster,” said Sarah Lane.
According to Henley & Partners, the number of digital asset holders with portfolios exceeding $1 million reached 241,700 by mid-year. This figure represents a 40% increase compared to 2024, according to analysts at the British consulting firm.
Robert Kiyosaki, author of the personal finance book Rich Dad Poor Dad, previously stated that the mindsets of rich and poor people differ because “the poor care about the price of Bitcoin, while the rich care about its quantity.”
Source: cryptonews.net
