Crypto Millionaires Double by 2024, the opportunities between the market
A recent post by New World Wealth and Henley & Associates has garnered a lot of attention as the number of Crypto millionaires has doubled this year. In addition, the On August 31, 2024, Nate Gerasi, ETF expert and president of ETF Shop, posted on X (formerly Twitter) that the number of crypto millionaires doubled to 172,300 in the 12 months ending June 2024.
Crypto and Bitcoin millionaires are on the rise.
The number of centi-millionaires increased by 80% to 325, and the number of billionaires increased by 27%, currently standing at 28. As of press time, the total has risen to 85,400. Meanwhile, the number of Bitcoin millionaires and billionaires has increased by 100% and 83% at the same time.
This data indicates the potential for wealth generation in this rapidly growing cryptocurrency landscape. Since the beginning of 2024, we have seen significant developments in this growing sector, increasing adoption, political support and many other developments.
Current market opportunities
However, since June 2024, the entire cryptocurrency market has experienced a significant decline. Right now it seems like there are many opportunities to make money in this booming industry amid the recent market downturn.
Currently, major price drops have been seen including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE). According to Coinmarketcap data, BTC, ETH, SOL and DOGE have experienced price declines of over 10%, 22%, 19% and 12% respectively in the past month.
