The approval of 11 spot Bitcoin ETFs in the U.S. has significantly boosted Bitcoin adoption, attracting nearly $20 million in investments.

These new asset custody guidelines in Singapore aim to better regulate digital payments and foster a safer environment for crypto users.

Between 2023 and 2024, the number of Bitcoin millionaires surged by nearly 111%, reaching approximately 85,400.

In April 2024, Singapore introduced detailed guidelines on digital asset custody and revised its Payment Services Act to enhance user protection in cryptocurrency transactions.

In 2024, the number of crypto billionaires has risen to 28, with six new entrants this year, five of whom have amassed their wealth primarily from Bitcoin.

Several Caribbean nations are also enacting legislation to attract digital asset entrepreneurs, contributing to a more diverse crypto-friendly landscape.

Currently, Bitcoin holders total approximately 275 million, accounting for 49% of the over 560 million total crypto users worldwide.

This global shift towards more favorable regulations is fostering a supportive environment for cryptocurrency investments and innovations.

Bitcoin millionaires now make up 49.6% of all crypto millionaires, totaling 172,300 individuals, marking a 95% increase from the previous year.

Countries like Singapore and the UAE are promoting cryptocurrency usage through progressive regulations, including tax exemptions and direct trading options.

The rise in Bitcoin millionaires is closely linked to these global regulatory changes, which have encouraged greater investment in cryptocurrencies.

Switzerland's Zug region, known as 'Crypto Valley', exemplifies a strong blockchain ecosystem that actively encourages digital asset innovation.