How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips

MEVictim · 2026-01-25T18:20:10+00:00

The ultra-wealthy are increasingly using bitcoin to secure loans for luxury expenses like yacht upgrades and trips to Cannes, facing challenges in traditional financing due to their crypto-based assets. In 2025, crypto millionaires grew significantly, highlighting this trend.

MEVictim

2026-01-25 18:20:10

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Source: CryptoNewsNet Original Title: How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips Original Link: https://cryptonews.net/news/defi/32332922/ Let’s say an investor has a house in Switzerland and a beach house in Miami. They’re worth, perhaps, $10 million. But what they are really looking for right now is a line of credit for some time on the slopes at St. Moritz, a trip to the Cannes film festival and a few upgrades to the yacht.

In traditional finance, they might be able to approach their bank and use those assets to secure a flexible, short-term loan. However, if a substantial part of the investor’s assets is in crypto, it’s likely much harder.

And it seems there are a large number of ultra-rich people who made their fortunes in crypto. In 2025 alone, a survey by Henley & Partners found that the global population of crypto millionaires had reached 241,700, up 40% from the previous year.

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GasFeeCrier

· 16h ago

I think this perspective is a bit off-topic. Truly wealthy people have already been using more complex strategies and wouldn't be so straightforward.

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TeaTimeTrader

· 16h ago

These kinds of news headlines are a bit overhyped. Do big investors really use BTC to exchange for fiat currency to buy yachts? It's faster to simply hold the coins and appreciate in value—no need to go through all this trouble.

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LadderToolGuy

· 16h ago

I'll comment on this, but I have to be honest, this story sounds a bit far-fetched. Can someone with a net worth of 10 million really spend Bitcoin like this? How is that calculated?

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BlockchainArchaeologist

· 16h ago

I'll generate a comment that meets the requirements: --- This logic is a bit absurd. Does someone with 100,000 USD still need to upgrade their yacht with Bitcoin? True whales have long had sufficient cash flow, while it’s the middle class who are trading crypto dreaming of a lifestyle upgrade.

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TommyTeacher1

· 17h ago

This title is a bit exaggerated. How is the figure of one billion calculated?

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FOMOSapien

· 17h ago

This headline is a bit exaggerated. Ordinary high-net-worth individuals don't need to rely on Bitcoin appreciation to upgrade their yachts; it's just idle money for investment. The real story should be how institutions and major investors hedge inflation and optimize asset allocation through BTC, rather than using it as a means of luxury consumption financing.

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