The figure was revealed by a report by Henley & Partners. What was the cryptocurrency of choice for most investors?
A person can become a millionaire thanks to Bitcoin (BTC), according to a report by Henley & Partners.
The study sampled people from all over the world and found that approximately 172,300 people are millionaires thanks to the crypto ecosystem.
Beyond its ups and downs, the ecosystem in general, so far in 2024 showed solidity and robustness, characteristics that became an additive extra for those users who bet on cryptocurrencies.
A person can become a millionaire thanks to Bitcoin (BTC), according to a report by Henley & Partners.
The study sampled people from all over the world and found that approximately 172,300 people are millionaires thanks to the crypto ecosystem.
On the other hand, according to the report, most of these new cryptocurrency millionaires in 2024 are Bitcoin investors, although this is due to the approval of Bitcoin and Ethereum ETFs, factors that boosted the growth of these individuals' wealth.
According to data provided by the report, there are now 172,300 people worldwide who own more than< u$s1 million in cryptoassets (a 95% increase compared to last year) and the number of Bitcoin millionaires soared by 111% to 85,400.
To invest or not to invest in Bitcoin ETFs?
With this data it is impossible not to think about how real it is to become a millionaire if you invest in BTC or whether Bitcoin or Ether ETFs are really a good bet.
Pablo Monti Brand Manager Europe and Latam at BingX, explains to that ‘it must first be understood that investing in a Bitcoin ETF gives the investor exposure to the price of the cryptoasset and not direct ownership of it’.
‘This means that the investor is not directly buying BTC and will not be able to exchange it for other cryptocurrencies, as they could if they were to invest directly in the cryptoasset,’ he adds.
Monti points out that ‘as in the traditional financial market, what happens is positive for some investors and negative for others who prefer to own the asset directly’.
Is it possible to become a millionaire with Bitcoin?
Monti adds that ‘the popular imagination that makes many people think that Bitcoin is a millionaire-making machine’.
He adds: ‘The same imaginary makes many other people fear cryptocurrencies as highly risky and volatile.
El especialista hace hincapié en que «no todo es blanco o negro» y resalta que «encontrar y difundir esos matices» son algunas de las principales tareas que tienen las personas involucradas dentro del ecosistema.
«Los puristas de Bitcoin sostienen que esa criptomoneda se inventó para una mayor seguridad y transparencia, para eliminar intermediarios y para convertirse en un resguardo de dinero», remarca.
‘Of course there are many people who bet on Bitcoin as an investment, but it's a long way from thinking that it's easy to become a millionaire and it's not healthy to put it in those terms,’ he stresses.
What do you need to consider if you want to invest in Bitcoin?
Monti points out that the precautions to be taken before investing in this type of asset ‘are the same’ as those that should be analysed before any other investment:
‘In the case of Bitcoin, there is no defined person behind the project, but that is precisely the magic of BTC; a massive project, which everyone can be part of and which is regulated by thousands of people all over the world,’ he concludes.
Lee la noticia completa aqui https://www.iproup.com/economia-digital/49575-aumento-numero-millonarios-con-bitcoin-en-2024