Bitcoin millionaires have doubled in a year — thanks to Bitcoin ETFs

Title: Bitcoin Millionaires Skyrocket: The Impact of Bitcoin ETFs

The world of cryptocurrency has seen a significant surge in the number of millionaires, thanks to the rise of Bitcoin ETFs. According to the latest Crypto Wealth Report 2024 published by New World Wealth and Henley & Partners, more than 85,000 people worldwide now own over $1 million in Bitcoin, a staggering increase from last year's count. The number of Bitcoin millionaires has more than doubled, increasing by 111%. This growth can be attributed to the rapid expansion of Bitcoin ETFs, which have made it easier for investors to own cryptocurrency. Financial giants like BlackRock and Fidelity have launched crypto ETFs, contributing to the growth in crypto millionaires. The total market value of crypto assets has reached an impressive $2.3 trillion, a massive 89% increase from last year's report. With Bitcoin's price peaking at $73,737 in March and currently standing at $60,000, it's clear that the world of cryptocurrency is experiencing significant growth and mainstream acceptance.