China News by Thebittimes.Com

According to a report by the investment migration company Henley and Partners, there are 88,200 crypto millionaires worldwide, with almost half owning Bitcoin (BTC). The report reveals around 40,500 of the millionaires hold Bitcoin despite the recent price fluctuations.  Moreover, the report revealed that the number of global crypto users has reached over 425 million , with 210 million users also holding Bitcoin. Per Henley and Partners, there are only 182 “centi- millionaires ,” individuals with over $100 million worth of digital assets.  The number of crypto billionaires sits at 22, with only six holding BTC in their wallets.  The migration investment company ranks Singapore as the most crypto-friendly country for its tax-friendliness, public adoption, innovation and technology, and economic factors. Switzerland, the United Arab Emirates (UAE), and Hong Kong remain the next three crypto-hubs after Singapore. You might also like: Singapore introduces regulations f...

A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios. Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin (BTC) in 2022, according to a recent poll conducted by financial advisory firm deVere Group.  The poll results, released on Jan. 30, found that eight out of 10 of the firm's high net worth (HNW) clients surveyed with between $1.2 million and $6.1 million of investable assets sought advice on crypto from financial advisers in the last 12 months. 82% of millionaires seek advice on crypto as Bitcoin soars#PressRelease https://t.co/nv6HSZBxEs — deVere Group (@deveregroup) January 30, 2023 Nigel Green, the CEO and founder of deVere Group said that despite the surveyed group being "typically more conservative," he believes the interest stems from Bitcoin's core values of being "digital, global, border...