Blockchain Analysis Firm Chainalysis Analysis Results
1st Place is the United States... Earned 4.5756 Trillion KRW
[Asia Economy Reporter Kwon Jae-hee] It has been estimated that the profit earned by Koreans from Bitcoin investments last year alone reached 400 million dollars (approximately 446.4 billion KRW).
On the 8th (local time), blockchain analytics firm Chainalysis estimated the scale of realized profits by Bitcoin investors by country over the past year, revealing that Koreans ranked 9th worldwide with realized profits of 400 million dollars.
The top spot was taken by the United States, with an estimated 4.1 billion dollars (approximately 4.5756 trillion KRW).
Following were China (1.1 billion dollars), Japan (900 million dollars), the United Kingdom (800 million dollars), Russia, Germany, and France (each 600 million dollars), and Spain (500 million dollars), all estimated to have realized more profits than Korea.
Ukraine, the Netherlands, Canada, and Vietnam were identified as having realized profits of 400 million dollars, the same scale as Korea.
Chainalysis explained, "We estimated the realized profits of Bitcoin investors by country based on cryptocurrency deposits and withdrawals, web traffic, and other data obtained from various cryptocurrency exchanges."
U.S. economic media outlet Fox Business reported, "Many investors made significant profits as Bitcoin prices surged from around 11,000 dollars per coin in mid-October last year to just under 30,000 dollars by the end of the year," adding, "Americans also sold Bitcoin around that time."
According to cryptocurrency site CoinDesk, Bitcoin prices rose further this year, reaching an all-time high of 64,800 dollars in April.
However, prices have since declined due to regulatory tightening moves by the U.S. and China, as well as controversial remarks by Elon Musk, a supporter of cryptocurrencies, and as of the morning of the 9th Korean time, the price is hovering around 33,000 dollars.
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