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- There are 22 crypto billionaires on the planet, with solely six of them investing in Bitcoin.
- The report discovered Singapore, Switzerland, and the UAE rising as essentially the most crypto-friendly nations.
Solely 22 individuals on the planet have crypto investments price a minimum of $1 billion. Out of them, solely six maintain their investments in Bitcoin [BTC].
The findings have been part of the “Crypto Wealth Report” published by the London-based consultancy agency Henley & Companions on 5 September.
In accordance with the report, there are 88,200 millionaires worldwide with crypto holdings. Out of them, 40,500 traders maintain their digital investments in Bitcoin.
The report additionally discovered that 182 people personal greater than $100 million in crypto. And 78 of those centi-millionaires maintain their digital investments in Bitcoin.
Supply: Henley & Companions
Although the report didn’t identify any crypto billionaires, we all know of the high-profile crypto holdings of sure people.
Digital Foreign money Group founder and CEO Barry Silbert, Gemini co-founders Cameron and Tyler Winklevoss, Binance [BNB] CEO Changpeng Zhao, Coinbase [COIN] CEO Brian Armstrong, Ripple [XRP] co-founder Chris Larsen and MicroStrategy govt chair Michael Saylor are among the many wealthiest crypto traders.
In complete, a staggering 425 million people the world over personal some type of crypto property.
Singapore, Switzerland and UAE most crypto-friendly nations
The report additionally included a Crypto Adoption Index. It thought-about a variety of things together with public adoption, infrastructure adoption, the regulatory setting, tax rules and many others. to record the highest crypto-friendly nations.
Supply: Henley & Companions
Singapore, Switzerland and the United Arab Emirates (UAE) have emerged as the highest three nations main the Index.
Hong Kong, Australia, UK, Canada, Malta, and Malaysia have additionally made it to the record of the highest 10 crypto-friendly places.
Singapore and UAE prime the record in each tax-friendliness and public adoption. Nevertheless, in relation to regulatory setting, Singapore and Switzerland prime the record, with the UAE falling far behind.
Henley & Companions CEO Juerg Steffen underlined a substantial surge in inquiries from crypto millionaires in current months about crypto-friendly nations. He mentioned,
“We have now seen a big spike in enquiries from crypto millionaires over the previous six months seeking to defend themselves towards any potential future bans on the buying and selling or use of cryptocurrencies in their very own nations and mitigate the dangers of aggressive fiscal insurance policies that tax digital property at supply.”
An array of crypto stakeholders, together with entrepreneurs, merchants, and miners are excited about funding migration methods to optimize their crypto property.
Combative regulation by enforcement and looming crypto bans are forcing crypto lovers to search for safer havens.
