The US was followed by China, which cashed out some $US1.1 billion in profits in 2020, according to data published by blockchain firm Chainalysis.
The figures only cover realised gains, meaning profits still held in cryptocurrencies or in exchange accounts are not included. “US-focused exchanges saw huge inflows in 2020 that appear to have been realised toward the end of the year, which likely accounts for the country’s large gains,” the analysts wrote.
In recent months, the cryptocurrency has slumped back near 2020 levels, hovering at about $US33,000 Tuesday morning afterWhile cryptocurrency profits can be hard to track due to the currencies’ intentionally decentralised nature, Chainalysis produced its estimate by collecting data including deposits, withdrawals and web traffic from cryptocurrency exchanges like Coinbase.
Source: Digital Coin News (digitalcoinnews.net)
The most rich? Is that proper English ?
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