(Bloomberg) Bitcoin’s meteoric rise has minted scores of crypto millionaires and U.S. investors are taking the lion’s share of riches.
American traders locked in $4.1 billion in profits trading Bitcoin last year, three times more than the next highest country, according to estimates from Chainalysis. The New York-based research firm published a report ranking the top 25 countries with the biggest realized gains.
Whether it’s the belief that crypto can be an inflation hedge against rampant central-bank money printing or the simple desire to make a quick buck from the famously volatile asset, crypto has captivated retail and professional traders around the world.
“Investors in nearly all countries saw the biggest increases toward the end of the year,” wrote researchers at Chainalysis. “That’s when U.S. investors really broke away from the pack, with most of their gains coming from activity on Coinbase.”.. Read More
