Small countries are punching above their weight in terms of Bitcoin gains

Small countries are punching above their weight in terms of Bitcoin gains


Emerging markets appear to be punching above their weight when it comes to Bitcoin (BTC) investment, offering further evidence of growing worldwide adoption, according to a new report from cryptocurrency analytics firm Chainalysis. 

A geographic analysis of realized Bitcoin gains revealed that investors in the United States generated $4.1 billion in returns last year, which is more than three times higher than second-ranked China, Chainalysis said. Although economic stalwart like Japan, the United Kingdom and Germany were near the top of the list, several countries are investing a lot more in Bitcoin relative to traditional economic metrics like gross domestic product, or GDP.

In other words, GDP doesn’t seem to be a strong indicator of who is generating higher return on investment in Bitcoin. 

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Smaller economies have a big representation in terms of realized Bitcoin gains. Source: Chainalysis.

A standout case is Vietnam, a country that ranks 53rd in GDP but 13th when it comes to realized Bitcoin gains. The East Asian country’s

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