A new report highlights a significant increase in crypto millionaires and billionaires, driven primarily by the rise in cryptocurrency asset prices. As of June 30, approximately 241,700 individuals are classified as crypto millionaires, marking a 40% increase, while the count of crypto billionaires rose by 29%. This growth is closely tied to Bitcoin's impressive performance, which has surged 78% over the past year, reaching a peak price of $124,128. Specifically, the number of Bitcoin millionaires alone jumped 70% to 145,100, with substantial increases in centi-millionaires and billionaires as well. Institutional adoption of cryptocurrencies has accelerated due to the favorable stance under the current U.S. administration, signaling a shift in the mainstream acceptance of crypto as a legitimate financial asset. The current landscape of wealth in cryptocurrencies reflects a broader democratization of wealth storage, facilitated by the borderless nature of digital currencies.

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