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The number of Bitcoin millionaires skyrocketed 111% in the last year due to rising crypto prices as an analyst predicts BTC will rise to $150K by the end of 2024.
According to the Crypto Wealth Report 2024 compiled by Henley and Partners, the number of Bitcoin millionaires across the globe more than doubled in the last year to 85,400 people as of July 30.
A 95% Increase In Crypto Millionaires Overall
Bitcoin is not the only crypto that has created more millionaires. According to the report, there are currently 172,300 people worldwide who hold over $1 million worth of digital assets. This is around a 95% increase from the 88,200 crypto millionaires the same time last year.
There has also been an increase in the number of crypto centi-millionaires, who are people that have grown a wealth of over $100 million through crypto. Following a 79% uptick, there are now 325 of these wealthy individuals.
Throughout the past year, the number of crypto billionaires rose as well, with increasing prices across the board minting 6 new billionaires. As a result, there are currently 28 crypto billionaires. Five of these new billionaires generated their wealth from Bitcoin, according to the head of research at New World Wealth, Andrew Amoils.
Analyst Predicts Bitcoin Will Reach $150K
CoinMarketCap data shows that BTC climbed over 141% in the last year to trade at $62,769.86 as of 2:55 a.m. EST. However, one analyst from RealVision, Jamie Coutts, believes that BTC could rally during the remainder of the year.
Unless something fundamentally has changed, we are entering what @RaoulGMI refers to as the 🍌zone, or what I would describe as #Bitcoin batshit season. pic.twitter.com/pMxk49ATtq
— Jamie Coutts CMT (@Jamie1Coutts) August 26, 2024
In an Aug. 26 X post, Coutts said that BTC is still on track to undergo a strong move to potentially soar to as high as $150K by the end of 2024.
Not all analysts share the same bullish sentiment. ManagerXBT said in an Aug. 27 research note that short-term Bitcoin sellers had once again “become active.” He acknowledged the leading crypto’s climb in the last week, but pointed out that its “slowdown in price suggests that Bitcoin might initiate a free pullback.”
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