Crypto Wealth Report 2025: Borderless Wealth and the Tax Strategies That Are Shaping It
A New Era for Global Wealth
The newly released Crypto Wealth Report 2025 from Henley & Partners documents one of the most significant changes in global finance: the exponentially rapid rise of crypto millionaires and how their wealth is transforming the rules of riches. With digital assets, money no longer has a "home address", and the countries willing to accept that are quickly becoming hotspots for the world's footloose wealthy.
A Surge in Digital Fortunes
The numbers are breathtaking. Nearly 242,000 people worldwide now hold crypto assets worth at least USD 1 million, a near 40% rise in one year alone. Bitcoin continues to dominate, making 145,100 millionaires, up 70% on last year. The high end is also expanding, with 450 centi-millionaires (≥ USD 100m) and 36 billionaires registered. Overall, total crypto wealth worldwide is now valued at USD 3.3 trillion, up 45% since 2024.
As Dominic Volek at Henley explains, "The entire framework of modern finance relies on the fact that money has an address, but cryptocurrency does not." The report focuses on how crypto holders can choose where to live, how and where to be taxed, and where to invest.
Global Competition for Crypto Wealth
The Henley Crypto Adoption Index 2025 ranks 29 jurisdictions on six measures, from regulation and innovation to tax friendliness and infrastructure. The leaders are Singapore, Hong Kong, the USA, Switzerland, and the UAE. While each jurisdiction has a unique set of benefits, it is apparent that countries are openly competing for the attention of this new generation of mobile investors.
The UAE, for example, has a perfect tax score, and Portugal remains appealing with its no capital gains tax approach to individuals selling crypto after 365 days. Switzerland is still the leader in crypto, with its clear laws, strong financial infrastructure, and its legendary "Crypto Valley" driving blockchain development.
The Tax Map
One of the expert contributors in the report is Mosaic Chambers Group founder Andy Wood, who authors Crypto Tax Migration: Your Jurisdiction Guide. His piece is a practical alert to investors, pointing out that crypto freedom is still at the mercy of national tax codes.
Wood explains that classification is key: an investor token holder will almost certainly be taxed in a completely different manner to a trader making frequent trades. Even crypto-to-crypto trades can generate taxable events, a pitfall that catches many off guard. Timing is also critical. A change of residence following a major disposal can be too late, as liability is usually created in the residence country at the time of sale.
His message is straightforward: in a borderless world, tax planning should come before the wealth. Places such as the UAE, Switzerland, and Portugal continue to reign supreme, but laws in the likes of the UK remain complex, with exit taxes and non-residence rules trapping the unwary.
What It Means
The digital wealth boom is reshaping not just markets but the very map of global wealth. Clarity and certainty from governments will attract entrepreneurs, innovators, and the capital that follows them. Governments that hesitate do so at their own peril.
For high-net-worth individuals, the lesson is straightforward: crypto assets can move in real time, but the laws that govern them cannot keep pace. The savviest investors are already advising specialists to plot their holdings in tax-friendly jurisdictions so that their fortunes are not only earned but also preserved.
As Andy Wood suggests, wealth preservation in the age of cryptocurrency is not about keeping up with the trends but about getting ahead of the legal and tax consequences that follow each move. The future of global wealth will belong to those who combine digital agility with foresight.
Considering a crypto tax migration? Speak to the experts at Mosaic Chambers Group. We help high-net-worth investors protect digital wealth across borders.
