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Wealth is of two types. One is silent – in real estate and private equity. The other is loud – Bugattis, yachts, and penthouses all over the globe. Crypto wealth is increasingly both types.

The statistics are hard to ignore. There are around 241,700 individuals with at least a million dollars in crypto, which grew by 40% in a year. It is a new breed of wealthy people large enough to rock markets, reshape neighborhoods and push the luxury industry to think about who its customers actually are.

The Spending Has Grown up

The first crypto-rich stereotype of bling cars and fancy watches is not entirely wrong. But it is becoming more and more incomplete. The crypto millionaire today is…