Investing.com – Blockchain data analyst Chainalysis released a report earlier this week that ranks countries based on last year’s earnings.
Unsurprisingly, the United States is at the top of the rankings with $ 4.1 billion in revenue. China is in second place ($ 1.1 billion) with almost four times less profit, followed by Japan (0.9 billion), the United Kingdom (0.8 billion) and Russia (0.6 billion).
France is ranked 6th alongside Germany with $ 600 million in Bitcoin.
Chainalysis also notes that the most obvious of the study’s findings is that the number of countries ranked in bitcoin investment is much higher than in traditional economic parameters.
They cite Vietnam as an example, pointing out that the country has experienced extraordinary economic growth over the past 20 years, dropping the poverty rate from over 70% to less than 6% since 2002, the country is 53rd in terms of GDP, but That’s not all. in 13th place in the rating. This is more than in much more developed countries such as Australia, Saudi Arabia and Belgium.
There are other examples as well. We can actually also read in the report that:
- Czech Republic: 54th in GDP, 18th in Bitcoin revenue
- Turkey: 25th in GDP, 16th in Bitcoin income
- Spain: 19th in GDP, 9th in Bitcoin revenue
To conclude, Chainalysis relies on blockchain flows for each cryptocurrency exchange to compile this report and estimates the dollar-denominated bitcoin profit by calculating the price difference at the time the platform was revoked. when it was received. The revenues are then distributed by country according to the proportion of web traffic that each country represents on the website of each cryptocurrency exchange.
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