The latest crypto rally has minted 70,000 new millionaires in the past year, according to CNBC Wealth Editor Robert Frank, who says the surge in Bitcoin and AI-driven tech is creating a “new class of wealth” unlike any previous financial cycle.
Crypto Wealth Surges Past $2 Trillion
Speaking on CNBC’s Squawk Box, Frank said there are now 240,000 people worldwide with crypto holdings worth at least $1 million, based on data from Henley & Partners and New World Wealth.
That number includes 450 centimillionaires (those holding $100 million or more in crypto) and 36 billionaires.
The total crypto market capitalization has grown by over $2 trillion in the past year, largely driven by Bitcoin’s rally, which has more than doubled in value.
“The rise in Bitcoin recently helped create another 70,000 crypto millionaires,” Frank said.
“There are now 240,000 people with crypto holdings worth $1 million or more.”
New Spending Wave Emerges
Research …
Full story available on Benzinga.com
The latest crypto rally has minted 70,000 new millionaires in the past year, according to CNBC Wealth Editor Robert Frank, who says the surge in Bitcoin and AI-driven tech is creating a “new class of wealth” unlike any previous financial cycle.
Crypto Wealth Surges Past $2 Trillion
Speaking on CNBC’s Squawk Box, Frank said there are now 240,000 people worldwide with crypto holdings worth at least $1 million, based on data from Henley & Partners and New World Wealth.
That number includes 450 centimillionaires (those holding $100 million or more in crypto) and 36 billionaires.
The total crypto market capitalization has grown by over $2 trillion in the past year, largely driven by Bitcoin’s rally, which has more than doubled in value.
“The rise in Bitcoin recently helped create another 70,000 crypto millionaires,” Frank said.
“There are now 240,000 people with crypto holdings worth $1 million or more.”
New Spending Wave Emerges
Research …
Full story available on Benzinga.com
The latest crypto rally has minted 70,000 new millionaires in the past year, according to CNBC Wealth Editor Robert Frank, who says the surge in Bitcoin and AI-driven tech is creating a “new class of wealth” unlike any previous financial cycle.
Crypto Wealth Surges Past $2 Trillion
Speaking on CNBC’s Squawk Box, Frank said there are now 240,000 people worldwide with crypto holdings worth at least $1 million, based on data from Henley & Partners and New World Wealth.
That number includes 450 centimillionaires (those holding $100 million or more in crypto) and 36 billionaires.
The total crypto market capitalization has grown by over $2 trillion in the past year, largely driven by Bitcoin’s rally, which has more than doubled in value.
“The rise in Bitcoin recently helped create another 70,000 crypto millionaires,” Frank said.
“There are now 240,000 people with crypto holdings worth $1 million or more.”
New Spending Wave Emerges
Research …Full story available on Benzinga.com Read More$BTC, Cryptocurrency, News, Markets, $BTC, News, Cryptocurrency, Markets, Benzinga Markets
