Switzerland Has ‘the Most Profitable Bitcoin Traders’ Wordwide, While France ‘Is the Best Bitcoin Trading Nation’-Study
Investing and education platform Invezz recently published a study according to which, Switzerland has the most profitable bitcoin traders worldwide. Thats’s according to data stemming from Chainalysis, Worldometers, and Triple-A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country.
Researchers Rank the Best Bitcoin Trading Nations and the Most Profitable Bitcoin Traders by Country
This week invezz.com researchers published a study that looks at the most profitable traders by country by leveraging statistics from multiple datasets. The study’s author Dan Ashmore explained one dataset stemmed from Chainalysis, which shows the 25 countries in the world by realized bitcoin gains in 2020.
This served as the study’s backdrop, as the Invezz.com research team also utilized statistics from Worldometers and Triple-A. While the data shows Switzerland currently has the most profitable bitcoin traders worldwide. France is the top country in “the best bitcoin trading nation”.
France ranked 12th in the percentage of the country invested in crypto (3.3%) but an impressive third and eighth respectively in bitcoin gains per capita and bitcoin gains per investor, at $275 and $13 respectively. Ashmore's report explains while most of the other countries placed well in other categories. France was the only country to be above average in all the three categories.
“ France Claims the Title of Best Bitcoin Traders, Switzerland Has the Most Profitable Traders at $1268 of gains per investor” Invezz.com Study
Following France on the list of countries the Czech Republic and Belgium are second and third in terms of best Bitcoin trading nations. Then there’s Canada, Netherlands, Switzerland, Germany, Australia, United Kingdom, United States, Spain, Japan, Ukraine, South Korea, and Italy respectively other notable countries include Argentina, Vietnam, Poland, Russia, Thailand, Brazil, Turkey, and India. Out of all the countries listed Switzerland's Bitcoin Traders ruled the roast as far as BTC gains are concerned.
“ Switzerland has the most profitable traders at $1268 of gains per investor, however with only 1.8% of the country invested in crypto, they get knocked down to a sixth-place finish. The Czech Republic is similar”, the Invezz study details. But both Switzerland and Czech Republic ranking 23rd and 21st respectively, out of 24 countries, for the percentage of population invested in crypto(1.8% and 2.2%), it ultimately kills there chances”, Ashmore's report says. The invezz.com researcher concludes:
“It is France [that cliams] the best bitcoin traders. But there must be something in the water in mainland Europe because their dominance at the top of the table is clear.”
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