2025 Has Created 15,000 New Bitcoin Millionaires

This year will be remembered for many things. For 15,000 people, it was the year they joined the millionaire club through cryptocurrency investments. But what caused this rapid ascent?

While there have been some problems, 2025 has been a great year for cryptocurrency and has been made even better for those who have become bitcoin millionaires. Since a new crypto-friendly government entered the White House, a total of 15,841 individuals have become crypto millionaires. A report suggests that the bulk of this occurred between January 20th and July 20th, 2025.

Becoming a Bitcoin Millionaire

It is now estimated that there are 192,205 crypto millionaires across the globe. This figure suggests 88 millionaires were made every day, with a 9% increase overall. Those with bitcoin holdings over $10 million also increased, with this figure moving more than 16% over the period.

Much of this will be down to the astronomical ascent the price of bitcoin has taken. The current bitcoin price is residing at around the $118,437 mark. More recently, it managed to break the $222,000 barrier, creating a record high. To put it in perspective, at the start of last November, the price was at $69,310. Those who invested at this time have seen huge growth in a very short period.

The number of wallets holding bitcoin also increased exponentially in the last six months. At the start of November 2024, just 132,842 addresses had more than a million dollars in BTC equivalents. This has now gone up by 59,000.

What Other Factors Have Pushed This?

As well as those in the White House, many states have also changed their outlook on cryptocurrency. This has seen many set up reserves to hold the assets and benefit from their possible future price rises. New Hampshire and Arizona were the first to introduce these, though both have taken very different approaches to funding and populating them.

Bitcoin reserves have not only been the domain of states, either. Corporate bitcoin holdings are up, with many companies selling off shares and convertible debt to acquire their own stash. As the price of bitcoin has risen, its share values have tended to do the same. All of this accumulation has also added to the demand and rising price of Bitcoin.

Lastly, Bitcoin is getting scarcer. Last year was a bitcoin halving event, where the reward for producing the cryptocurrency was cut by 50%. Miners now get less reward for creating it, and coupled with rising energy costs and AI competing for their resources, fewer coins are being produced. Combined with scarcity on the markets, this has also pushed prices up.

The Dangers Associated With Crypto Wealth

It is not all wine and roses for crypto millionaires, however. As the numbers have risen, so have crimes against them. Europe, in particular, has had a spate of kidnappings against crypto millionaires taking place, in attacks police believe may be linked.

David Balland, who founded the firm Ledger, was kidnapped from his home in January. Arriving at his abode, the criminals took him and his wife hostage. His business partner was then sent a video asking for a ransom of around 10 million euros. He was freed in a police raid, and his wife was found in the boot of a car in a southern Parisian car park.

The father of a Dubai-based crypto influencer was also targeted. Also residing in France, he was taken along with his wife and daughter. His son received a similar ransom video. Incidents have also taken place in Spain and Belgium.

One of cryptocurrency’s greatest advantages is that it is anonymous. Unless a wallet is known to belong to a certain person or company, its owner can remain out of sight. It is only people in the public eye, such as company owners and those who talk about their gains online, like influencers, who could possibly be targeted.

Will the Bull Run Continue?

Bitcoin has had huge gains, and many people are speculating on whether it will continue. There are two ways of looking at this. For many, the belief is that the run is over and altcoin season has arrived. This is when demand for bitcoin wanes, due to its high prices and scarcity on the markets. As its price stagnates, people begin to look at other ways to make a profit, usually in the altcoin market.

Measurements of this are made on the Bitcoin Dominance scale. This is a percentage given over how much market cap bitcoin currently holds, and in the last few weeks, it has waned. At the time of writing, it is at 61.69 — 62.51 and is following a pattern similar to one in the 2021 bull run. This was when its dominance ended and the altcoin season began.

For many, there is still reason to believe the run will continue. Increased demand from institutions remains, meaning the price is unlikely to falter. Even drops will be lower than before, and could be great times to buy. With more regulatory oversight, this demand will only increase, and bitcoin could finally have achieved the status everyone said it would: Becoming a digital form of gold.

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Source: https://russellstreetreport.com/2025/07/31/sponsor-spotlight/cryptocurrency-investments/