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The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to a new report.

There are now more than 172,300 individuals with more than $1 million in crypto assets – a 95 per cent rise on 2023, according to Henley & Partners

According to the Crypto Wealth Report 2024 from international wealth and investment migration specialists Henley & Partners, there are currently 172,300 people worldwide holding over $1m in crypto assets.

Countries such as the UK are tightening tax rules for well-off foreigners, while others are competing to offer them a new home.

The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to research.

Henley & Partners cited political uncertainty and antisemitism as two reasons contributing to an ongoing surge in Americans seeking secondary passports.

Singapore edged past France, Germany, Italy and Spain to reclaim bragging rights as having the world’s most powerful passport.

Americans can travel visa-free to 186 different countries around the world, which is nine fewer than enjoyed by the citizens from the No. 1 country, Singapore.

A quarterly index has ranked the world's travel documents in terms of international clout. At No. 10 are the passports of Iceland, Slovakia, Slovenia and Latvia.

In January 2024, Singapore's passport provided visa-free access to 194 destinations out of 227 worldwide.

Americans have only the eighth-most powerful passport.

The Henley Passport Index released its ranking of the world’s passports for 2024.