Number Of Bitcoin Millionaires Surges 111% In Past Year As Analyst Predicts BTC Will Soar To $150K By Year-End

The
number
of
Bitcoin
millionaires
skyrocketed
111%
in
the
last
year
due
to
rising
crypto
prices
as
an
analyst
predicts
BTC
will
rise
to
$150K
by
the
end
of
2024.

According
to
the
Crypto
Wealth


Report

2024
compiled
by
Henley
and
Partners,
the
number
of
Bitcoin
millionaires
across
the
globe
more
than
doubled
in
the
last
year
to
85,400
people
as
of
July
30.

A
95%
Increase
In
Crypto
Millionaires
Overall

Bitcoin

is
not
the
only
crypto
that
has
created
more
millionaires.
According
to
the
report,
there
are
currently
172,300
people
worldwide
who
hold
over
$1
million
worth
of
digital
assets.
This
is
around
a
95%
increase
from
the
88,200
crypto
millionaires
the
same
time
last
year.

There
has
also
been
an
increase
in
the
number
of
crypto
centi-millionaires,
who
are
people
that
have
grown
a
wealth
of
over
$100
million
through
crypto.
Following
a
79%
uptick,
there
are
now
325
of
these
wealthy
individuals. 

Throughout
the
past
year,
the
number
of
crypto
billionaires
rose
as
well,
with
increasing
prices
across
the
board
minting
6
new
billionaires.
As
a
result,
there
are
currently
28
crypto
billionaires.
Five
of
these
new
billionaires
generated
their
wealth
from
Bitcoin,


according

to
the
head
of
research
at
New
World
Wealth,
Andrew
Amoils.

Analyst
Predicts
Bitcoin
Will
Reach
$150K

CoinMarketCap


data

shows
that


BTC

climbed
over
141%
in
the
last
year
to
trade
at
$62,769.86
as
of
2:55
a.m.
EST.
However,
one
analyst
from
RealVision,
Jamie
Coutts,
believes
that
BTC
could
rally
during
the
remainder
of
the
year.

Unless
something
fundamentally
has
changed,
we
are
entering
what

@RaoulGMI
refers
to
as
the
????zone,
or
what
I
would
describe
as

#Bitcoin
batshit
season.

pic.twitter.com/pMxk49ATtq

—
Jamie
Coutts
CMT
(@Jamie1Coutts)

August
26,
2024

In
an
Aug.
26
X
post,
Coutts
said
that
BTC
is
still
on
track
to
undergo
a
strong
move
to
potentially
soar
to
as
high
as
$150K
by
the
end
of
2024.

Not
all
analysts
share
the
same
bullish
sentiment.
ManagerXBT
said
in
an
Aug.
27


research
note

that
short-term
Bitcoin
sellers
had
once
again
“become
active.”
He
acknowledged
the
leading
crypto’s
climb
in
the
last
week,
but
pointed
out
that
its
“slowdown
in
price
suggests
that
Bitcoin
might
initiate
a
free
pullback.”

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