Americans earned over $4 billion from bitcoin in 2020—more than 3 times as much as investors in any other country – CNBC

Facebook
Google+
Twitter
LinkedIn

Interest in bitcoin, the largest cryptocurrency by market value, surged in the past year.

Notable investors, including Stanley Druckenmiller and Paul Tudor Jones, bought the digital coin; companies like Square, Tesla and MicroStrategy added bitcoin to their balance sheet; and alongside institutional investors, retail traders began to swarm the market.

As a result, many Americans profited. Investors in the U.S. made an estimated $4.1 billion in realized bitcoin gains in 2020, according to a new report by software company Chainalysis.

That’s more than three times as much as the next highest country, China, where investors pocketed $1.1 billion in profit, Chainalysis found.

Chainalysis disclosed that the reported figures are estimates derived from transaction data the company tracks and says it’s impossible to determine for certain where parties are located due to the blockchain and its decentralized design.

Subscribe to our Newsletter

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Share on facebook
Share on google
Share on twitter
Share on linkedin