A recent Invezz study found that Switzerland has the highest number of bitcoin traders. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country.
Researchers rank the most profitable Bitcoin traders by country.
invezz.com released a report this week that examined the country-specific most lucrative bitcoin traders. It used statistics from several datasets to compile it. The study’s author Dan Ashmore explained one dataset stemmed from Chainalysis, which shows the top 25 countries in the world by realized bitcoin (BTC) gains in 2020.
This served as the study’s backdrop, as the invezz.com research team also utilized statistics from Worldometers and Triple A. While the data shows Switzerland currently has the most profitable bitcoin traders worldwide, France is the top country in terms of “the best bitcoin trading nation.”
“[France] ranked 12th in the percentage of the country invested in crypto (3.3%), but an impressive third and eighth respectively in bitcoin gains per capita and bitcoin gains per investor, at $275 and $13 respectively,” Ashmore’s report explains. “While a lot of other countries placed well in certain categories, France was the only country to be above average in all three metrics.”
Invezz.com Study: ‘France Claims the Title of Best Bitcoin Traders, Switzerland Has the Most Profitable Traders at $1,268 of Gains per Investor’
France is second on this list, followed by Belgium and the Czech Republic. Then there’s Canada, Netherlands, Switzerland, Germany, Australia, United Kingdom, United States, Spain, Japan, Ukraine, South Korea, and Italy respectively. Argentina, Vietnam and Turkey were also notable. Out of all the countries listed, Switzerland’s bitcoin traders ruled the roost as far as BTC gains are concerned.
“Switzerland has the most profitable traders at $1,268 of gains per investor, however with only 1.8% of the country invested in crypto, they get knocked down to a sixth-place finish. The Czech Republic is similar,” the invezz.com study details. France is higher on this list than Switzerland, and France is lower for certain reasons. “Switzerland and Czech Republic ranking 23rd and 21st respectively, out of 24 countries, for the percentage of population invested in crypto (1.8% and 2.2%), [it] ultimately kills their chances,” Ashmore’s report says. According to the invezz.com researcher:
France. [that claims]The title of the best bitcoin trader. Their dominance at the top of this table must have been due to something else.
What do you think about invezz.com’s study and the results that show the most profitable bitcoin traders by country? Please comment below to let us know your thoughts on this topic.
Image credit: Shutterstock, Pixabay, Wiki Commons, invezz.com’s study
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