U.S. investors earned $ 4.1 billion from Bitcoin in 2020, three times more than Chinese

0


July 6, 2021 (Investorideas.com Newswire) The year 2020 has been a fantastic year for crypto investors who have made impressive profits by investing in the world’s largest cryptocurrency, Bitcoin.

According to data presented by BlockArabia.com, U.S. crypto investors have gotten the most out of Bitcoin, with profits reaching $ 4.1 billion in 2020, three times higher than the next country on the list, China.

US Bitcoin Gains Higher Than China, UK, and Japan Combined

The past six months have been quite dynamic for the global crypto market, illustrated by the fact that Bitcoin hit an all-time high of nearly $ 65,000 in April before falling below $ 37,000 in May. It is currently trading around $ 34,000, according to CoinMarketCap.

However, last year was another story. Virtually all countries recorded their biggest investment gains towards the end of 2020, as the price of Bitcoin rose from $ 11,471 in mid-October to just over $ 29,000 by the end of the year. ‘year. It was a lucrative time for U.S. investors, who made the majority of their earnings from Coinbase activity.

Behind the United States as the top country in terms of Bitcoin revenue, China ranks second with $ 1.1 billion in investment gains, Chainalysis data revealed. This is surprising because China recorded the highest gross cryptocurrency transaction in history.

The United States likely surpassed China’s $ 1.1 billion due to massive inflows towards the end of 2020 which generated remarkable gains.

Japanese crypto investors ranked third on this list with $ 0.9 billion in Bitcoin profits last year. The UK, Russia and France followed with $ 0.8 billion and $ 0.6 billion, respectively.

Statistics also showed that US Bitcoin revenue was 46% higher than China, UK and Japan combined.

Bitcoin’s market cap has risen 20% since January

Data from CoinMarketCap showed that the world’s largest digital currency managed to increase its market capitalization from January’s figures, despite the recent crypto price crash.

The price of Bitcoin has risen by more than 100% in five months of 2021, helping its market capitalization reach $ 1.1 billion in early May. However, at the end of last month, the flagship cryptocurrency fell to over three months, dropping to around $ 30,000 at one point.

The unexpected pullback of Bitcoin and other cryptocurrencies came in the form of a wave of negative headlines and catalysts, from Tesla CEO Elon Musk to a new round of Chinese government regulations, sparking a blow to the whole sector.

Statistics show that the Bitcoin market was worth around $ 650 billion last week, a 20% increase since the start of the year.

The full story can be read here: https://blockarabia.com/pr/us-investors-earned-4-1b-from-bitcoin-in-2020-three-times-more-than-chinese/

More information:

This news is published on Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer / Disclosure: Investorideas.com is a digital publisher of third party equity news, articles and research and creates original content including videos, interviews and articles. Original content created by Investorideas is protected by copyright laws other than syndication rights. Our site does not make any recommendations to buy or sell any stock, service or product. Nothing on our sites should be construed as an offer or a solicitation to buy or sell any products or securities. Any investment involves risks and possible losses. This site is currently paid for news publishing and distribution, social media and marketing, content creation and more. Disclosure is issued for every paid press release, content posted / created as necessary, but otherwise the news has not been paid and has been published for the sole benefit of our readers and subscribers. Contact the management and IR of each company directly for specific questions.

More information on the disclaimer: https://www.investorideas.com/About/Disclaimer.asp Learn more about posting your press release and our other news feed services press Investorideas.com https://www.investorideas.com/News-Upload / and tickertagstocknews.com

Global investors must adhere to the regulations of each country. Please read the Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on StockTwits

News and Research for Bitcoin, Blockchain, Digital Currency Stocks, and ICOs

Buy a crypto guest post on Investorideas.com


Leave A Reply

Your email address will not be published.