Many focus upon "price go up" when it comes to the crypto world. The reason this is so prevalent is due to the fact that, over time, it does tend to happen.
Before getting into the numbers, we have to warn that much of what was pushed over the years was nothing more than trash. There were rug pulls, scams, and fraud. People tried some new ideas (innovation) which did not work. In other words, there were a lot of failures.
However, when we look at the main components, we can see how wealth accumulation is taking place within crypto.
There is a market cap that now is near $4 trillion. That is a lot of money to be spread around the world.
In this article I discuss how crypto is ushering in a new phase of millionaires. Crypto millionaires are growing, something that is likely to continue for the next decade.
Crypto Is A Major Wealth Generator
How does a 40% rise in the last year sound?
Regardless of what the subject, that is an impressive number. If it was a return on an investment, most would be happy. Any CEO would love an increase of 40% in revenues (or profits is even better).
Therefore, a rise like this in millionaires from crypto is welcomed.
Global crypto wealth has surged to an unprecedented 241,700 crypto millionaires, the Crypto Wealth Report 2025 from Henley & Partners with data from New World Wealth shows — a 40% rise in 12 months.
This is how wealth generation starts. It is also within the history of expanding numbers due to technology.
If we think back to the industrial age, we had what were called the "robber barons". Leaving aside the lack of regulation regarding some of their activities, we see the wealthy generated from that era small in number. They are now household names but we are looking at a few dozen who were truly enriched.
Fast forward 100+ years to the digital age and we see a different story. The number of millionaires sprung from that era grew in much greater numbers. People like Steve Jobs, Paul Allen, Bill Gates, and Steve Wozniak all emerged.
Of course, this was, once again, compounded with the Internet. The number of millionaires from that time period exploded. It actually is to the point where these people are not newsworthy. It is the billionaires that are the focus.
What comes next?
Naturally, the trillionaire is going to emerge. That aside, the trickle down effects will appear. The number of millionaires from crypto is going to explode. I believe this will be tied to AI, another major wealth generator.
Bitcoin led the charge, with Bitcoin millionaires up 70% year‑on‑year to 145,100 holders, while the total crypto market valuation reached USD 3.3 trillion in June 2025, a 45% increase from a year earlier. At the top end, 450 centi‑millionaires now hold crypto portfolios of USD 100 million or more (up 38%), and crypto billionaires climbed to 36 (up 29%), growth that analysts link to accelerating institutional adoption and new state‑backed digital currency initiatives.
Global Impact
The millionaires showing up due to crypto are appearing all over the world. No longer are people restricted to their local economies.
Anyone can participate with a digital wallet and a smart phone. Since the latter tallies over 5.25 billion across the world, the ability to profit from this burgeoning industry is spreading.
Of course, the easiest way to get involved is simply to buy in. This does require resources, which does place a limit. However, when looking at many coins or tokens doing more than 100x in a decade, it is easy to see how some could insert themselves in this category.
We also see avenues where people can get involved and earn their way towards riches. Many programs were rolled out that rewarded people in crypto for certain activities. Those that used basic financial sense to amass that which was growing did rather well.
A baseline is important. For some, starting with tens of thousands is not possible. Thus, the path is a bit longer. However, compounding effects are always in place. Even with $100, a 100x (or more) will push someone to 10K. From there, another 100x will equate to $1 million.
It sounds impossible until one realizes it happens all the time. Even Bitcoin had numerous 100x moves from its earliest days. The same is true for Ethereum. As platforms becomes more active, the token associated will tend to garner attention. When this happens, millionaires are minted.
There are a few who find themselves the beneficiaries of having a meme coin or NFT do 10000x. If lucky enough to sell out, that is fine. Sadly, we know most took a bath on those, losing all they put in.
What will the numbers look like when the crypto market is $10 trillion. Or $50 trillion. We will get there at some point. Considering how many people are involved, the potential for +25% growth rates (annually) in the number of millionaires created is possible.
After all, each new technological era brings about more wealth.