Switzerland currently has the most profitable bitcoin traders in the world: Invezz study
A recent study by online investment news and education platform Invezz found that Switzerland currently has the most profitable bitcoin traders in the world. The report, released by the platform on April 14, compared data sets from blockchain firm Chainalysis Triple A and Worldometers to holistically identify the country with the most profitable bitcoin traders in the world.
Some of the important results of the research are:
– Switzerland has the highest earnings per investor or most profitable traders at $1,268, but was ranked 6th with just 1.8 percent of the country investing in crypto.
– Europe in general occupied 6 of the top 7 positions, with the Czech Republic, Belgium, the Netherlands and Germany ranking 2nd, 3rd, 5th and 7th respectively.
– France takes first place as the world’s top bitcoin trading nation.
* It ranked 12th in the country’s percentage invested in crypto at 3.3 percent.
* It ranked 3rd and 8th in bitcoin earnings per capita and bitcoin earnings per investor with $275 and $13, respectively.
– India was ranked 23rd overall and ranked 4th for percentage of population investing in crypto, 24th for both BTC profits per trader and BTC profits per capita.
– Ukraine was ranked #1 for having the highest percentage of crypto investors at 12.7%, but a low profit mark of $72 per investor is ruining their chances.
– UK and US ranked 9th and 10th respectively in the aggregate index.
The Invezz study ranked 23 countries on a score from 1 to 24, with the country with the lowest overall score coming first and the country with the highest score coming last. Countries were ranked by a weighted index based on three parameters:
– The amount of per capita Bitcoin profits generated in this country, provided by The Chainalysis data.
– The percentage of citizens in each country investing in crypto, using data from TripleA and Worldometers to determine where adoption is highest.
* Triple A is a gateway for crypto payments and Worldometers is a real-time statistics website.
– Finally, the Bitcoin profits data per investor.
Some of the important results of the research are:
– Switzerland has the highest earnings per investor or most profitable traders at $1,268, but was ranked 6th with just 1.8 percent of the country investing in crypto.
– Europe in general occupied 6 of the top 7 positions, with the Czech Republic, Belgium, the Netherlands and Germany ranking 2nd, 3rd, 5th and 7th respectively.
– France takes first place as the world’s top bitcoin trading nation.
* It ranked 12th in the country’s percentage invested in crypto at 3.3 percent.
* It ranked 3rd and 8th in bitcoin earnings per capita and bitcoin earnings per investor with $275 and $13, respectively.
– India was ranked 23rd overall and ranked 4th for percentage of population investing in crypto, 24th for both BTC profits per trader and BTC profits per capita.
– Ukraine was ranked #1 for having the highest percentage of crypto investors at 12.7%, but a low profit mark of $72 per investor is ruining their chances.
– UK and US ranked 9th and 10th respectively in the aggregate index.
The Invezz study ranked 23 countries on a score from 1 to 24, with the country with the lowest overall score coming first and the country with the highest score coming last. Countries were ranked by a weighted index based on three parameters:
– The amount of per capita Bitcoin profits generated in this country, provided by The Chainalysis data.
– The percentage of citizens in each country investing in crypto, using data from TripleA and Worldometers to determine where adoption is highest.
* Triple A is a gateway for crypto payments and Worldometers is a real-time statistics website.
– Finally, the Bitcoin profits data per investor.