Many invest in cryptocurrency but alas, few find fortune

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Many invest in cryptocurrency but alas, few find fortune
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A recent report estimates that only 88,200 people worldwide own the equivalent of at least US$1 mil in these digital assets.

Only 88,200 people worldwide hold the equivalent of at least US$1 mil in crypto, with even fewer centimillionaires and billionaires.

While the sector has been experiencing an unprecedented crisis of confidence for months, cryptocurrency remains a widespread investment. Some 425 million people hold crypto worldwide, of whom 210 million have Bitcoin. But far fewer have amassed a small fortune thanks to these virtual currencies. Half of them hold this amount in Bitcoin, attesting to the popularity of the most famous cryptocurrency.

These figures should be treated with caution, however, given the highly volatile nature of digital currencies. Nevertheless, they show that investors are keen to embrace these assets as much out of a taste for easy money as out of distrust of the traditional banking system.

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