Crypto Millionaires Jump by 40% While Widespread Adoption Trails at 5%

According to the Crypto Wealth Report 2025 by Henley & Partners Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ], the global count of cryptocurrency millionaires jumped by 40% over the past year, reaching 241,700 by mid-2025. This surge happened alongside the total crypto market capitalization exceeding $3.3 trillion, reflecting a 45% rise compared to the previous year Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

, the leading cryptocurrency, was a major driver of this expansion, with the number of Bitcoin millionaires increasing by 70% to 145,100. The report also notes a 63% jump in Bitcoin centimillionaires—those with more than $100 million in BTC—reaching 254, while the number of Bitcoin billionaires rose by 55% to 17 Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

Institutional involvement and capital inflows played a crucial role in this growth. In 2025, U.S.-listed spot Bitcoin ETFs saw inflows surge from $37.3 billion to $60.6 billion Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. Spot Ether ETFs also experienced a fourfold increase in inflows, reaching $13.4 billion Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. Advisory firms and hedge funds notably increased their allocations, with spot ETH ETF holdings climbing to $1.35 billion and $688 million, respectively Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. This wave of institutional activity reflects broader trends of regulatory progress and infrastructure improvements, especially in places like Switzerland and the UAE Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

On a global scale, the U.S., Singapore, and Hong Kong (China) have become leading destinations for crypto investors, as shown by Henley’s Crypto Adoption Index Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. Smaller countries such as El Salvador, Panama, and Uruguay are also attracting digital asset holders through supportive regulations. The report points to cryptocurrency’s growing influence on wealth migration, with Philipp Baumann of Z22 Technologies describing Bitcoin as evolving into a "base currency for wealth accumulation" rather than just a speculative investment Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

Even though the number of ultra-wealthy crypto holders soared, overall user adoption only increased slightly—up 5% to 590 million worldwide Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. This gap highlights that most gains are concentrated among a small group. Meanwhile, Galaxy Digital CEO Mike Novogratz cautioned that if Bitcoin ever reached $1 million, it would likely signal a crisis in the U.S. economy rather than a triumph for crypto Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. He explained that such extreme Bitcoin prices are often linked to domestic economic turmoil, as investors seek protection from weakening fiat currencies Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

The report also discusses risks in the evolving crypto market. James Check from Glassnode expressed doubts about the long-term sustainability of corporate Bitcoin treasury strategies, suggesting that the easy profits may have already been made Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. Matthew Sigel of VanEck echoed these concerns, questioning whether public companies can continue accumulating Bitcoin over the long run Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. These cautious perspectives contrast with optimistic on-chain indicators, such as increasing active addresses and large transactions in protocols like

, which analysts link to rising institutional participation Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].

Henley & Partners stressed that governments and financial institutions must adapt to the "borderless" character of crypto wealth. With $14.4 trillion in cross-border wealth transfers in 2024, the firm noted that cryptocurrencies challenge the traditional notion of wealth being tied to a specific location Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ]. As the industry matures, the interaction between regulatory policies, institutional involvement, and market forces is expected to determine the future path of crypto wealth Crypto Wealth Report 2025 | Press Release | Henley & Partners [ 1 ].