As the market value of cryptocurrencies soared by 170%, the number of crypto billionaires skyrocketed by 50%, with Bitcoin's record-breaking performance contributing significantly to this rise.

This boom has not only expanded the crypto landscape but also paved the way for the emergence of 17 new crypto billionaires.

Among these financial titans are notable figures such as Changpeng Zhao of Binance and Brian Armstrong from Coinbase, who have capitalised on this unprecedented expansion.

This significant development in the crypto world underscores the increasing influence and wealth generation capabilities of digital currencies, marking a notable milestone in the financial sector.