Crypto wealth shrinks as market correction hits millionaire ranks

The current figure represents a sharp reversal from 2024, when the number of individuals holding over $1 million in digital assets surged to 172,300. Bitcoin remains the anchor of this wealth, accounting for roughly $1.6 trillion of the total market and supporting 92,272 of the world’s crypto millionaires. While the asset traded approximately 38% below its October 2025 peak, analysts at Henley & Partners characterized this downturn as milder than the volatile corrections seen in 2011, 2013, 2017, and 2021.

Beyond individual holdings, the report identified 290 centimillionaires and 23 billionaires whose fortunes are tied to the sector. This demographic is increasingly seeking residence and citizenship advice to navigate rising tax reporting pressures. With 77 jurisdictions now committed to the OECD’s Crypto-Asset Reporting Framework (CARF), tax authorities are preparing to begin automatic information exchanges by September 2027. This regulatory shift is driving wealthy investors to prioritize jurisdictions that offer favorable tax environments and legal stability, such as Singapore, which retained the top spot in the 2026 Crypto Adoption Index, followed by the UAE and Hong Kong.

Dominic Volek, group head of private clients at Henley & Partners, noted that while digital assets flow across borders with ease, their owners remain firmly tethered to national regulatory systems. As data collection under CARF expands, the ability to move wealth across jurisdictions has become a primary factor for the next generation of investors. However, Chainalysis estimates that current reporting rules cover only about 14% of taxable onchain activity, leaving significant portions of decentralized and peer-to-peer transactions outside the immediate scope of international tax authorities.