Would a US wealth tax push millionaires to Bitcoin adoption?
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them. Levying a progressive tax on the ultra-wealthy has been a talking point long popular with many United States Democrats, yet such a policy would have been unimaginable under a Republican administration and a split Congress.Now that the Democratic Party is back in control of both the White House and Capitol Hill, the initiative is formally on the table: On March 1, a group of Democratic lawmakers led by Sen. Elizabeth Warren introduced legislation proposing an annual tax....
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The crypto world now boasts a staggering 88,200 crypto-millionaires scattered across the globe, according to the latest Crypto Wealth Report. This burgeoning class of wealth holders has seen their fortunes swell thanks to the ever-expanding digital asset universe. Astonishingly, half of these newly minted millionaires have pinned their financial dreams on Bitcoin (BTC), the world’s […]
Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments towards digital assets as the major investment vehicle. Millennials Making Millions From Crypto The CNBC survey found that millennial millionaires were more likely to put more of their wealth in crypto. In fact, about 53% of all millennial....
XRP could create enormous wealth for long-term holders if institutional adoption and global liquidity demand expand the way some market analysts expect. That was the message pushed by crypto commentator Remi Relief, who argued that future XRP valuations could become large enough to turn regular investors into millionaires and, in some cases, even billionaires. The […]
According to the Crypto Wealth Report 2025 by Henley & Partners, with data from New World Wealth, the number of crypto millionaires worldwide has risen to 241,700 — a 40% increase in 12 months. Related Reading: XRP Outshines Gold, Stocks, And Bitcoin As Thailand’s Best Asset Bitcoin accounts for much of that jump: 145,100 Bitcoin […]
Over 80% of the young millionaires own bitcoin and cryptocurrency, and 53% have at least half their wealth in such assets.