Crypto millionaires migrating to protect interests, Singapore tops list

There are 88,200 crypto millionaires worldwide, with just under half (40,500) holding their fortunes in Bitcoin, according to the inaugural Crypto Wealth Report compiled by investment migration specialists Henley & Partners. The total market value of crypto is now a staggering $1,180 billion and there are 425 million individuals globally that own cryptocurrencies.

Traders, miners, investors, and cryptopreneurs are exploring investment migration strategies to safeguard their interests. “We have seen a significant spike in enquiries from crypto millionaires over the past six months looking to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their own countries and mitigate the risks of aggressive fiscal policies that tax digital assets at source,” said Dr. Juerg Steffen , CEO of Henley & Partners.