The United States leads by a wide margin with an estimated $ 47.0 billion in cryptocurrency gains, followed by the United Kingdom, Germany, Japan, and China.
However, as last year, we see many countries whose performance of a collective investment in cryptocurrencies seems to be better than their scales in traditional measures of economic prosperity.
Turkey ranks 11th in GDP of $ 2.7 trillion, but sixth in terms of cryptocurrency gains of $ 4.6 billion.
Vietnam ranks 25th in GDP at $ 1.1 trillion but is 16th in cryptocurrency profits of $ 2.7 billion.
Ukraine ranks 40th in GDP with $ 576 billion, but 13th in cryptocurrency gains of $ 2.8 billion.
The Czech Republic ranks 47th in GDP with $ 460 billion but ranks 19th in cryptocurrency gains of $ 1.9 billion.
Venezuela ranks 78th in GDP with $ 144 billion but is 33rd in cryptocurrency profits of $ 1.1 billion.
In 2021, China’s total estimated cryptocurrency gains were $ 5.1 billion, up from $ 1.7 billion in 2020, with a growth rate of 194% over the previous year. While this may sound significant, it represents a slower growth rate than other countries.
The United States, for example, recorded estimated cryptocurrency gains rising 476%, from $ 8.1 billion to $ 47.0 billion. Profits in the cryptocurrencies of other countries grew at similar rates – the UK, for example, recorded a 431% increase, while German profits rose by 423%. The lower growth rate in China most likely reflects the decline in cryptocurrency activity in the country following government measures.
READ MORE:
- Metaverse, NFT, cryptocurrencies? Most don’t know what it’s all about and don’t want to spend their money on it
- The NFT craze is fading?
- Only 2 million bitcoins remain for mining
- What are the benefits of bitcoin payments?
