As individuals, organisations, and governments around the world intensify the popularity and acceptance of cryptocurrencies each year, 2021 has brought some amazing results for cryptocurrency investors.
In fact, according to a report published on April 20 by an on-chain analytics platform Chainalysis, the profits of crypto investors worldwide have increased by more than 400% in one year.
Together of all the cryptocurrencies tracked by the platform, global investors reached $162.7 billion in 2021, which is a clear increase of 400.61% from $32.5 billion in 2020.
In the case of the proposed countries, the United States reportedly made the largest profit in 2021 at $46.96 billion or 28.86% of total global profits. This is followed by the United Kingdom with $8.16 billion (5%) and Germany with $5.83 billion. Billion (3.58%), Japan $5.51 billion (3.39%) and China $5.06 billion (3.11%).
This clearly means that crypto investors in the United States have reaped more profits in 2021 than the world achieved in 2020.
Surprisingly, in some countries crypto investment returns exceed their own gross domestic product (GDP), which is traditionally considered a measure of a country’s economic well-being.
In the case of certain cryptocurrencies, profits in Ethereum (ETH) are slightly higher than in Bitcoin (BTC). In particular, global Ethereum profits reached $76.3 billion in 2021, which is 2.12% higher than Bitcoin’s $74.7 billion recorded profits.
Ethereum’s dominance clearly indicates the growing demand for the currency as a result of decentralised economic (DeFi) growth in 2021. In particular, most DeFi protocols are built on the Ethereum network and use its native currency as their primary exchange currency.
A complete exception to this trend is Japan, where crypto investors have surprisingly made more profit on Bitcoin which is about $4 billion, while Ethereum made profits of about $790 million.