Crypto investors from the United States made crypto profits almost six times higher in total than the United Kingdom, the second highest country in terms of realized profits.
According to a report by Chainalysis, crypto investors in the US amassed a record $46.9 billion in realized profits throughout 2021, leading the rest of the world by a wide margin. The United States is followed at some distance by the United Kingdom with $8.1 billion and Germany with $5.8 billion.
The report comes as the global adoption of cryptocurrencies continues to gain traction. The US witnessed a massive increase in adoption and realized revenue, with total revenue estimated for 2021 up 476% from the previous year’s $8.1 billion.
Special mentions were given to countries that outperformed their “traditional” economic rankings. Even though Turkey is globally ranked number 11 for GDP, the country was ranked number six when it comes to realized crypto gains.
China was one of the only large nations that did not see the same massive gains as other countries. In 2021, China’s estimated total realized cryptocurrency gains were $5.1 billion, up from $1.7 billion in 2020, equaling a 194% year-on-year growth rate. However, this is still impressive growth considering the extensive crypto bans that were progressively enacted in China in 2021.
However, China’s result pales next to other countries such as the UK and Germany, which saw a respective increase of 431% and 423% last year.
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Another notable trend was the surge in total Ethereum (ETH) gains, which saw ETH investors around the world cash in a total of $76.3 billion, overtaking Bitcoin (BTC) as the crypto asset with the highest realized gains. in 2021. The inventors of Bitcoin still performed well however, with the global crypto investment community securing $74.7 billion in profits throughout 2021.