For the year 2021, crypto investors from the United States made nearly $47 billion in profits — a six-fold advantage over their counterparts in the UK.
The total amount realized by crypto investors in the United States was nearly six times that of the United Kingdom, the second-highest country in terms of realized gains.
According to Chainalysis, crypto investors in the United States realized a record $46.9 billion in realized gains in 2021, far outpacing the rest of the world. The United States is followed by the United Kingdom ($8.1 billion) and Germany ($5.8 billion).
The report comes at a time when global cryptocurrency adoption is gaining traction. The United States saw a massive increase in adoption and realized gains, with total estimated gains for 2021 increasing 476 percent from $8.1 billion the previous year.
Countries that outperformed their “traditional” economic rankings received special recognition. Despite being ranked 11th in the world in terms of GDP, Turkey was ranked sixth in terms of realized crypto gains.
China was one of the few large countries that did not experience the same massive gains as the rest of the world. China’s total estimated realized cryptocurrency gains in 2021 were $5.1 billion, up from $1.7 billion in 2020, representing a 194 percent year-over-year growth rate. However, considering the extensive crypto bans that were gradually enacted in China in 2021, this is still impressive growth.
However, China’s result pales in comparison to other countries such as the United Kingdom and Germany, which saw increases of 431 percent and 423 percent, respectively, last year.
Another notable trend was the increase in total gains from Ethereum (ETH), with ETH investors worldwide cashing out a total of $76.3 billion, surpassing Bitcoin (BTC) as the highest realized earnings crypto asset in 2021. Bitcoin creators did, however, perform well, with the global crypto investing community securing $74.7 billion in gains through 2021.