Switzerland Is Home To The World’s Most Profitable Bitcoin Traders: Invezz Study

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A survey showed that Switzerland presently had the most profitable Bitcoin traders in the world

A recent survey by Invezz, an online investing news and education portal, showed that Switzerland presently had the most profitable Bitcoin traders in the world. The platform's research, which was released on April 14, analysed data sets from blockchain firm Chainalysis Triple A and Worldometers to determine the country with the most lucrative Bitcoin dealers in the world. In other words, Switzerland offered the best returns to all investors. With a value of $1,268, it also has the most successful or profitable traders. However, the country came in sixth place, with only 1.8 percent of the population investing in cryptocurrencies.

Invezz started with data from Chainalysis, which showed the top 25 countries in the world by realised Bitcoin gains in 2020. According to Invezz, the study left out China and Taiwan from this list of 25 as they couldn't trust the data.

So, the study ranked the remaining 23 countries, with the lowest aggregate score ranking first and the highest score ranking last. Three parameters were used to rank the countries using a weighted index:

1) The amount of Bitcoin gains made per capita in that country, which was based on Chainalysis data.

2) Based on statistics from TripleA and Worldometers, the percentage of citizens in each country investing in cryptocurrencies to determine where adoption is highest. Worldometers is a website for real-time data, and Triple A is a crypto payment gateway.

3) The amount of money made in Bitcoin by each investor.

While the data showed that Switzerland had the most successful Bitcoin traders in the world, France came on top in terms of the best Bitcoin trading nation.

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