The sector that was once dismissed by billions of people is now growing in demand, along with a rise in the number of millionaires! Yes, I’m talking about the crypto industry that has nearly 617 million crypto users out of an 8.14 billion population. Interesting, isn’t it? Since the advent of Bitcoin in 2008, thousands of cryptocurrencies and Web3 projects have emerged, with over 20,000 cryptocurrencies currently in the market. Alongside this growth, the number of crypto millionaires has also soared. According to the recent ‘Crypto Wealth Report 2025’ by Henley & Partners, crypto millionaires have risen dramatically compared to previous years.
Crypto millionaires rise like a rocket
With unprecedented growth in crypto projects, the number of crypto millionaires has soared by 40% in just 12 months, meaning there are nearly 241,700 moguls in the industry. And, most of these wealth holders own Bitcoin. In fact, Bitcoin millionaires have surged dramatically by 70% year-on-year to 145,100 holders. This sharp increase is a major reason for the sudden boom in the number of total crypto moguls.
But that’s not the only reason. The total crypto market capitalization reached $3.3 trillion in June 2025. This booming market cap has also fueled the growth in the number of millionaires, as the report suggests.
Millionaires hold a million worth of crypto portfolio
What makes crypto millionaires so noteworthy is their crypto portfolio. Today, 450 centi-millionaires hold crypto portfolios worth $100 million and more. Look at some figures like the Winklevoss Twins, Michael Saylor, Changpeng Zhao, Chris Larsen, Elon Musk, Justin Sun, and other lesser-known tycoons — they have already made millions through their blockchain projects.
However, unlike in traditional finance, governments cannot monitor the crypto funds moved by these millionaires. Someone can hold billions or millions in crypto and can access it anywhere in the world, and that’s precisely what tax authorities and regulators find hardest to digest.
Now, one question that you need to ask yourself is: do crypto tycoons bring any impact to the market?
How do crypto millionaires move market?
Crypto millionaires, or let’s the typical crypto whales, have the power to move th market up or down or even stabilize.
- When large holders sell huge amounts of crypto, prices may drop due to sudden oversupply.
- Huge purchases can trigger price hikes and bullish momentum.
- When whales trade, they provide liquidity, making the market active.
- If whales do not trade crypto, it can reduce the available supply, leading to less liquidity and more volatility.
- News about prominent whales buying crypto can boost investor confidence.
- But when so much wealth is concentrated in a few hands, it raises concerns about market manipulation.
- When crypto millionaires invest in blockchain projects, major banks and institutions turn to the market, adopting cryptocurrencies.
Apart from the growing number of crypto millionaires, several countries are entering the space by adopting crypto payments and implementing regulatory frameworks such as MiCA in the UK, Dubai’s VARA, the GENIUS Act in the US, and other crypto-supportive initiatives.
What’s next?
As years roll on and technology evolves, there will certainly be more crypto projects and crypto millionaires on the rise. The progressive nature of crypto and crypto-supportive cultures in several countries can prompt other authorities to adopt the trend. However, safety matters a lot. Crypto is progressing, but the laws are not very effective in several parts of the world in monitoring traders’ activities. When crypto millionaires grow in numbers, the gap between regulation and innovation should not widen. Authorities should be able to strike a balance between endorsing crypto and enforcing safeguards.
