The number of crypto millionaires has surged 40% in a year, reveals Henley & Partners’ 'Crypto Wealth Report 2025', with a record 241,700 individuals now holding crypto fortunes. Olivia Palamountain reports

The ranks of crypto millionaires have reached an all-time high, according to the newly published Crypto Wealth Report 2025 by Henley & Partners, featuring data from global wealth intelligence firm New World Wealth.

The report identifies 241,700 crypto millionaires worldwide — a 40% year-on-year increase — alongside a 45% rise in total market value to US$3.3 trillion. The number of Bitcoin millionaires alone has soared by 70% to 145,100, signalling the maturation of cryptocurrency as an asset class and the emergence of a new elite: the crypto ultra-rich.

At the top of this wealth pyramid, 450 individuals now control portfolios worth US$100 million or more, while 36 crypto billionaires command fortunes exceeding US$1 billion — up 29% from last year. The sharp rise in digital wealth comes during a pivotal year for institutional adoption, marked by the first official cryptocurrency launched by a sitting US President and First Lady.

Dominic Volek, group head of private clients at Henley & Partners, says the phenomenon is forcing policymakers and wealth managers to rethink long-standing assumptions. “The entire architecture of modern finance assumes that money has a home address — but cryptocurrency doesn’t. With nothing more than 12 memorised words, an individual can secure a billion dollars in Bitcoin, instantly accessible from Zurich or Zhengzhou alike.”

This decentralisation, the report argues, represents a fundamental redefinition of wealth. Bitcoin is increasingly used as collateral rather than speculation, creating what Philipp A. Baumann of Z22 Technologies calls “the foundation of a parallel financial system.” Samson Mow, CEO of JAN3, frames it as a philosophical divide: “Fiat currency expands infinitely. Bitcoin is finite — just 21 million. That tension defines our era.”

The intersection of crypto and global mobility is also accelerating. Catherine Chen of Binance notes that “this new, mobility-driven class of investors is increasingly turning to citizenship-by-investment programs as a route to geographic and financial flexibility.” This is supported by Henley & Partners’ own data, which shows wealthy crypto holders diversifying across multiple jurisdictions as a hedge against regulation and volatility.

To help investors identify the most progressive jurisdictions, Henley & Partners’ Crypto Adoption Index benchmarks countries with residence and citizenship-by-investment programmes across six factors — from regulation to tax policy. The 2025 results place Singapore at the top for innovation and infrastructure, followed by Hong Kong, the USA, Switzerland and the UAE — which scores a perfect 10 for tax-friendliness, levying zero taxes on crypto trading, staking and mining.

Top 10 crypto investment migration destinations (2025)

1. Singapore

2. Hong Kong (SAR China)

3. United States

4. Switzerland

5. United Arab Emirates

6. Malta

7. United Kingdom

8. Canada

9. Thailand

10. Australia

Emerging destinations such as St Kitts and Nevis and Antigua and Barbuda now accept cryptocurrency for citizenship applications, while Thailand has introduced a five-year capital gains exemption for digital traders. Across Africa and Asia, Mauritius is positioning itself as a bridge for fintech investment, with similar strategies unfolding in Costa Rica, El Salvador, Greece, Latvia and Uruguay.

Volek believes this transformation marks “a profound shift in financial sovereignty.” He adds: “The same mechanisms multinational corporations once used to shift profits across borders are now accessible to anyone with an internet connection. Cryptocurrency has democratised global wealth — and governments are still racing to understand what that means.”