Crypto centimillionaire club shrinks to just 290 people

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Crypto centimillionaire club

Crypto market loses some of its millionaires

The decline in wealthy crypto holders came as the total market capitalization fell to around $2.6 trillion. At the time the report was prepared, Bitcoin was trading roughly 38% below its October 2025 peak, with a total market capitalization of around $1.6 trillion.

For comparison, Henley & Partners counted 172,300 crypto millionaires in 2024, up 95% from a year earlier. At the time, 325 people held at least $100 million in digital assets, while 28 were crypto billionaires.

In 2026, those figures fell to 290 and 23, respectively. However, the number of Bitcoin millionaires remained above the 2024 level of 85,400.

Henley & Partners notes that wealthy crypto holders tend to be younger and more mobile than the firm's traditional clients. The ability to independently store and transfer digital assets makes it easier to move capital between countries, although holders remain subject to national tax and legal regulations.

Singapore tops ranking of crypto-friendly countries

In its Crypto Adoption Index 2026, the company assessed 36 jurisdictions based on regulation, taxation, infrastructure, innovation, and digital asset adoption. Singapore ranked first for the fourth consecutive year and received the highest score in the innovation and technology category.

The UAE climbed from fifth to second place and received a score of 10 out of 10 for its tax environment. Hong Kong, the U.S., and Switzerland followed, while Malta, Thailand, the UK, Cyprus, and the Bahamas also made the top 10.

At the same time, tax reporting requirements for crypto holders are expanding. Dozens of jurisdictions have joined the OECD's Crypto-Asset Reporting Framework, with the first automatic exchanges of information among 46 participants expected in September 2027.

Data collection under CARF began in January 2026 in 48 jurisdictions, including the UK and EU countries. Crypto service providers covered by the rules are collecting customer identification and transaction data for subsequent exchange between tax authorities.

However, the international framework covers only part of crypto activity. Chainalysis estimates that potentially taxable on-chain activity exceeded $457 billion in 2025, while transactions effectively covered by international reporting rules accounted for around 14% of the identified volume.

Earlier, we reported that the U.S. moved closer to expanding its Strategic Bitcoin Reserve. Authorities continue to explore mechanisms for increasing government holdings of the world's largest cryptocurrency.

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