About 5% of the world’s population are now reckoned to own cryptos.
There are 425 million crypto users around the world, and of these 88 200 are reckoned to be crypto millionaires, according to a report by Henley & Partners, the global investment migration practice.
The Henley & Partners Crypto Wealth Report suggests there are 182 crypto centi-millionaires worth more than $100 million and 22 crypto billionaires.Source: Henley & Partners Crypto millionaires are looking for ways to protect themselves “against any potential future bans on the trading or use of cryptocurrencies in their countries, and to allay the risks of aggressive fiscal policies that tax digital assets at source,” according to Juerg Steffen, CEO at Henley & Partners.
There is still debate on the best ways to value cryptos, but there are actionable methods investors can use, according to a research analyst at 21Shares, Carlos Gonzalez Campo. ADVERTISEMENT CONTINUE READING BELOW Singapore is rated the world’s top crypto hub based on strong government support and cooperation between banks, businesses and the public. Low taxes and the absence of capital gains tax add to its allure for crypto investors.
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