The number of cryptocurrency billionaires increased by 50% in just one year

The resurgence of bitcoin and the broader crypto market has led to the emergence of a new class of billionaires. Over the past year, the total value of all cryptocurrencies in circulation has soared by 170%, adding approximately $ 1.6 trillion to the market. This has been largely driven by the legalization of bitcoin exchange-traded funds (ETFs) in the United States.

This phenomenal growth pushed bitcoin to a record high of $ 73,000 in March, creating new billionaires. The new list of the world’s billionaires shows a significant increase in the number of people who have achieved this status thanks to cryptocurrency. This year, at least 17 such individuals were recognized, compared to 9 in the previous year, representing a nearly 50% increase.

Together, these cryptocurrency tycoons hold a staggering $ 93 billion in wealth. These span crypto assets, stocks, and private assets, marking a significant jump from the $ 37 billion reported last year.

Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao, the founder and former CEO of Binance, remains at the top of this elite group. Despite legal battles, including a guilty plea to money laundering charges in the United States, Zhao’s fortune has grown to $ 33 billion from $ 10.5 billion, making him the most prominent cryptocurrency billionaire of the year.

MicroStrategy’sСейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor and Coinbase 's Brian Armstrong increased their wealth to $ 4.4 billion and $ 11.2 billion, respectively, all thanks to the growth in the value of their companies' shares. Over the past 12 months, the value of both companies' shares has quadrupled, reflecting the booming interest in digital currencies.