In 2024, the cryptocurrency market witnessed significant growth, creating 88,000 new millionaires and six billionaires, fueled by Bitcoin's record high of $73,800 and the introduction of U.S. spot ETFs. The total number of crypto millionaires rose to 172,000, driven by gains in Bitcoin, Ethereum, Binance Coin, and Solana, with investors seeking tax-friendly crypto hubs like Singapore and the UAE.
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