TechFlow news, October 10 — According to CNBC, the number of individuals globally holding over $1 million in cryptocurrency assets has reached approximately 241,700, a 40% increase from last year. This includes 450 cryptocurrency billionaires (with assets exceeding $100 million) and 36 cryptocurrency decabillionaires.
The research found that for every additional dollar in cryptocurrency wealth, investors spend about 9.7 cents—an marginal propensity to consume more than double that of gains from stock markets or real estate. In 2024, additional wealth generated from cryptocurrency gains is expected to contribute $145 billion in extra consumer spending, accounting for approximately 0.7% of total U.S. consumption.
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