According to a recent study by online investment news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders in the world. That’s according to data from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trades by country.
Researchers rank the top bitcoin trading nations and the most profitable bitcoin traders by country
This week, researchers from invezz.com published a to learn which examines the most profitable bitcoin traders by country using statistics from multiple datasets. Study author Dan Ashmore detailed a chain analysis dataset showing the world’s 25 largest countries after realization Bitcoin (BTC) Win in 2020.
This served as background for the study as the invezz.com research team also used statistics from Worldometers and Triple A. While the data shows that Switzerland currently has the most profitable bitcoin traders in the world, France is the country with the highest position in terms of “the best bitcoin trader”. Nation.”
“[France] Ranked 12th in the country’s percentage invested in crypto (3.3%), but an impressive third and eighth in bitcoin profits per capita and bitcoin profits per investor at $275 and 13th, respectively USD,” explains Ashmore’s report. “While many other countries performed well in certain categories, France was the only country to score above average on all three metrics.”
Invezz.com study: “France claims the title of best bitcoin trader, Switzerland has the most profitable traders with $1,268 profit per investor”
After France on the list of countries, the Czech Republic and Belgium are in second and third place in terms of best bitcoin trading nations. Then there is Canada, Netherlands, Switzerland, Germany, Australia, United Kingdom, United States, Spain, Japan, Ukraine, South Korea and Italy. Other notable countries were Argentina, Vietnam, Poland, Russia, Thailand, Brazil, Turkey and India. Of all the countries listed, the Swiss bitcoin traders have ruled the quarter until now Bitcoin affects profits.
“Switzerland has the most profitable traders with a profit of $1,268 per investor, but since only 1.8% of the country is invested in crypto, they are thrown to sixth place. The Czech Republic is similar,” states invezz.com’s study. But both Switzerland and the Czech Republic are much further down the list than France for specific reasons. “Switzerland and the Czech Republic rank 23rd and 21st, respectively, out of 24 countries for the percentage of the population invested in crypto (1.8% and 2.2%). [it] ultimately destroys their chances,” says Ashmore’s report. The invezz.com researcher concludes:
It’s France [that claims] the title of the best bitcoin traders. But something must be in the water in mainland Europe as their dominance at the top of the table is clear.
What do you think of the invezz.com study and results showing the most profitable bitcoin traders by country? Let us know what you think about this topic in the comment section below.
photo credit: Shutterstock, Pixabay, Wiki Commons, study by invezz.com
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