Only 22 People In The World Have Over $1B In Crypto: Report
Portfolio Pulse from Murtuza Merchant
According to the 2023 Crypto Wealth Report by Henley & Partners, only 22 people globally have over $1B in cryptocurrency, despite nearly half of the global population investing in it. The report also revealed that Bitcoin attracted 210 million investors worldwide. The U.S. emerged as the third-largest adopter of cryptocurrency, following the UAE and Singapore.
September 06, 2023 | 5:42 pm
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The report indicates a high level of interest in Bitcoin, with 210 million investors worldwide. However, the concentration of wealth is extremely skewed, with only 22 individuals holding over $1B in crypto.
The report indicates a high level of interest in Bitcoin, which could potentially drive its price up due to increased demand. However, the extreme concentration of wealth could also lead to price volatility if these major holders decide to sell.
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