Crypto Wealth and Global Citizenship
Crypto Wealth and Global Citizenship. The cryptocurrency landscape of 2024 bears little resemblance to its predecessors. Bitcoin’s rise to over USD 73,000 in March set a new all-time high, while the long-awaited approval of spot Bitcoin and Ethereum ETFs in the USA unleashed a torrent of institutional capital. Anticipation now builds for potential Solana ETFs joining the Wall Street party. These milestones have seeded a new era of crypto adoption, one where digital assets increasingly cross-pollinate with traditional finance and global mobility. A sizeable crypto elite emerges As cryptocurrencies cement their place in the financial zeitgeist, a new class of high-net-worth individuals has emerged. New World Wealth data paints a striking picture: crypto millionaires surged by 95% in just one year, with 172,300 individuals now holding over USD 1 million in digital assets. The echelons of crypto wealth have expanded dramatically, with centi-millionaires growing by 79% to 325, and even…