Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’

Study: Switzerland Has "the Most Profitable Bitcoin Traders" Worldwide, While France "Is the Best Bitcoin Trading Nation"

According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’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 bitcoin traders by country by leveraging statistics from multiple datasets. The study’s author Dan Ashmore explained one dataset stemmed from Chainalysis, which shows the top 25 countries in the world by realized bitcoin (BTC) gains in 2020. The top 15 country rankings according to invezz.com’s research team.

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 terms of “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 a lot of other countries placed well in certain categories, France was the only country to be above average in all three metrics.” Invezz.com Study: ‘France Claims the Title of Best Bitcoin Traders, Switzerland Has the Most Profitable Traders at $1,268 of Gains per Investor’

Following France on the list of countries, the Czech Republic and Belgium are second and third in terms of the 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 included Argentina, Vietnam, Poland, Russia, Thailand, Brazil, Turkey, and India. Out of all the countries listed, Switzerland’s bitcoin traders ruled the roost as far as BTC gains are concerned.

“Switzerland has the most profitable traders at $1,268 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.com study details. But both Switzerland and the Czech Republic are much lower on the list than France for specific reasons. “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 their chances,” Ashmore’s report says. The invezz.com researcher concludes: It is France [that claims] the title of best bitcoin traders. But there must be something in the water in mainland Europe, because their dominance of the top of the table is clear. Tags in this story Argentina, Australia, belgium, Brazil, Canada, Czech Republic, Dan Ashmore, France bitcoin traders, France bitcoin trading, Germany, India, invezz.com researcher, invezz.com researchers, invezz.com study, Italy, Japan, Netherlands, Poland, Russia, South Korea, Spain, Switzerland, Switzerland bitcoin traders, thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam

What do you think about invezz.com’s study and the results that show the most profitable bitcoin traders by country? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Brazilian Development Bank Sets Deadline for Completion of Blockchain Network NEWS | 14 hours ago Jack Dorsey Claims if "You’re Building on Ethereum You Have at Least One, if Not Many, Single Points of Failure" NEWS | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons, invezz.com’s study Previous articleDoge Day Then and Now: Lackluster Buzz as Dogecoin’s Price Is 65% Lower Than Last Year Next articleWhat’s New in Megaverse: Developments, Updates and More Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin