New Findings, 88,200 New Rich People Born From Cryptocurrencies

Recently, new rich people (OKB) are increasingly popping up on social media by showing off their valuables including collections of sports cars and so on. Apparently, the emergence of this OKB did not just appear but most of them appeared after owning crypto or cryptocurrency assets.

A study conducted by Henley & Partners, a consulting firm in London-based investment migration, has revealed interesting facts: of the 56.1 million rich people worldwide, about 88,200 of whom have gained their wealth through cryptocurrencies.

At the time of writing, the crypto asset economy has a valuation of slightly above 1 trillion US dollars or equivalent to Rp. 15.2 quadrillion. This extraordinary value has created a new generation of crypto millionaires and billionaires over time.

Furthermore, Henley & Partners said that out of a total of 88,200 crypto millionaires today, 40,500 of them generate their wealth exclusively from Bitcoin (BTC). This means that cryptocurrency millionaires are only about 0.157% of the total 56.1 million rich people worldwide.

In further investigation, data found by Henley & Partners, as many as 182 individuals have reached the status of centi-billionaires through cryptocurrency investment. To explain, a centi-billionaire is someone who has an investment asset exceeding 100 million US dollars (equivalent to Rp1.5 trillion).

Most interestingly, 78 of these centi-billionaires have made their wealth exclusively from BTC. In addition, about six individuals have become billionaires through BTC, while about 22 other billionaires have amassed their wealth from other crypto assets.

A series of names of the millionwan and Billionaire Cryptocurrencies in 2023 include Binance CEO Changpeng Zhao (CZ), Chris Larsen of Ripple, Gemini's dukungan▁akhiratvoss, Danaper's venture capital, Michael Novogratz of Galaxy, Brian Armstrong of Coinbase, Dan Larimer of Block.one, Anthony Di Iorio of Ethereum, Barry Silbert of Digital Currency Group, Brad Garlinghouse of Ripple, founder of Bitcoin.com Roger Ver, former CEO of Bitmain Jihan Wu, and venture capital of Matthew Roszak.

Dr. Juerg Steffen, CEO of Henley & Partners, stressed in the report that when the government drafted crypto regulation, cryptocurrency enthusiasts and investors were actively looking for ways to protect their assets through investment migration.

"We've seen a significant spike in demand from cryptocurrency millionaires over the past six months, all of whom are looking for ways to build a 'Plan B' that can protect them from potential trade bans or use of cryptocurrencies in their country and reduce the risk of aggressive fiscal policies taxing digital assets at their sources," Steffen said.

On the other hand, two dominant cryptocurrencies, Bitcoin and Ethereum (ETH), have experienced a decline of more than 10% in the past month. Bitcoin value is currently 62% below its peak (ATH) at the level of IDR 984,115,318 in November 2021, while Ethereum has fallen 66% from its highest level of around IDR 69,531,233 over the same period.

Jeff D. Opdyke, a personal financial and investment expert, quoted in Crypto Wealth Report Henley & Partners, said a drop like this was a normal stage in BTC's financial journey.

Opdyke said, "Since its birth in 2009, cryptocurrencies will always be the most unavoidable trade in 30 years." He pulled the same line with the internet's initial breakthrough, emphasizing an unavoidable up and down cycle.