Unveiling Chainalysis' latest insights, the 2023 report sheds light on the fascinating world of cryptocurrency investment profits.
Spanning global rankings to monthly analyses, uncover which nations soared in earnings and the optimistic forecast propelling us into 2024.
Contents
Introduction to Chainalysis' Cryptocurrency Investment Profit Report
Blockchain analytics firm Chainalysis released a report on March 14, 2024, detailing the profits from cryptocurrency investments in 2023.
This comprehensive report collates multiple data points, including a comparison of cryptocurrency investment profits from 2020 to 2023, monthly profits throughout 2023, and a country-by-country ranking of cryptocurrency investment profits in 2023.
Profits from Cryptocurrency Investments Between 2020 and 2023
Global cryptocurrency investors are estimated to have earned a total of $37.6 billion in profits in 2023. Although significantly less than the $159.7 billion profit recorded during the bullish market of 2021, it represents a substantial recovery from the estimated loss of $127.1 billion in 2022.
Monthly Profits from Cryptocurrency Investments in 2023
Throughout 2023, cryptocurrency investments generated profits, except for consecutive losses in August and September.
However, profits surged significantly in November and December, marking the highest profit months of the year.
December witnessed the highest profit at $8.5 billion, followed by November at $7.4 billion, while August and September saw losses of $1.5 billion and $1.4 billion, respectively.
Country-by-Country Ranking of Cryptocurrency Investment Profits in 2023
The United States stood out as the clear leader in cryptocurrency investment profits in 2023, followed by the United Kingdom and Vietnam.
The report highlighted that many cryptocurrency investors in the Asia region, including Vietnam, China, Indonesia, India, and South Korea, generated profits exceeding $1 billion.
Chainalysis noted in the report that the positive trends of 2023 are continuing into 2024, with major cryptocurrencies reaching new highs, driven by the approval of Bitcoin ETFs and increased participation from institutional investors.
The firm suggests that if these trends persist, price surges similar to those seen in 2021 could occur.
The full Chainalysis report can be viewed on their website.
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