Vietnamese investors profited nearly 1.2 billion USD from crypto, ranking top 3 in the world
Chainalysis estimates the total profits of global crypto investors to reach 37.6 billion USD in 2023, of which Vietnam ranks third with nearly 1.2 billion USD in profits.
Vietnamese investors profited nearly 1.2 billion USD from crypto, ranking top 3 in the world
Chainalysis, a well-known cryptocurrency security and statistics unit in the industry, has just released the report "Cryptocurrency Investor Profits by Country in 2023", which shows that Vietnam is the leading country in the world. The country ranks third in terms of profits in the world, just behind the US and the UK.
Vietnam is one of 5 Asian markets in the top 10 places with the largest crypto profits in the world in the past year, besides China, Indonesia, India and Korea.
Accordingly, Chainalysis relies on the inflow and outflow of crypto assets on on/off-ramp platform services and a number of measurement tools to estimate investors' crypto profits.
The results show that the total interest of crypto investors globally in 2023 reached 37.6 billion USD. Although this is much lower than the $159.7 billion profit recorded during the 2021 "uptrend" market, it shows a strong recovery of the cryptocurrency market compared to the losses estimated 127.1 billion USD by 2022 by investors.
Of the total profit of 37.6 billion USD, US investors profit the most from crypto in 2023 with an estimated profit of 9.36 billion USD. The UK ranked second with 1.39 billion USD in profits. Vietnam ranked third with an estimated profit of 1.8 billion USD, a remarkable achievement.
Chainalysis said people in middle-income countries, especially the lower-middle group, appear to be more accepting of cryptocurrencies. Asia is a region that gathers many crypto investors, in which Vietnam, China, Indonesia and India all earned more than 1 billion USD and are all in the top 6 countries with the most profits.
2023 saw mainland Chinese crypto investors profit $1.15 billion, ranking fourth globally despite cryptocurrency-related activities being banned in the country from 2021.
In contrast, Hong Kong is actively realizing its goal of becoming a major global digital asset center, with steps to allow individual investors to trade crypto on licensed and regulated platforms. review crypto ETF proposals.
The fact that Vietnamese investors are in the top 3 making a lot of money from crypto is not a surprise. In previous reports, Vietnam has always been the country that appears at the top of a series of statistics on cryptocurrency adoption in the years 2021-2023.
· Top 1 in cryptocurrency ownership index with 41% of people owning (Finder) 2021
· Top 2 in DeFi adoption index (Chainalysis) 2021
· Top 3 in number of monthly Metamask wallet users 2021
· Top 1 in Cryptocurrency Adoption Index (Chainalysis) in 2021 and 2022
· Top 4 countries with the largest Binance trading volume globally in May 2023
· Top 5 percentage of people owning cryptocurrency globally in June 2023.
Interestingly, the global crypto investment profit level in 2023 is lower than the figure recorded in 2021, although virtual asset prices also increased to the same extent during these two periods.
Explaining this, Chainalysis believes that “it is possible that investors in 2023 are less inclined to convert crypto assets into cash, because they expect prices to continue to increase and in the context of the prices of many cryptocurrencies. Chemistry has surpassed an all-time peak.
However, Chainalysis predicts that the cryptocurrency market trend will continue to be positive in 2024, especially after a boost from the US "green light" for bitcoin ETF trading and stronger participation from investors. private organization.
The largest cryptocurrency in the market, Bitcoin, set a new peak at over 73,000 USD on March 13, 2024 in the context of cash flow into Bitcoin spot ETFs reaching a record, officially surpassing the old ATH of $69,000. la in 2021.
In recent days, Bitcoin is cooling down, with a downward adjustment to $64,533 after the Dencun upgrade on the Ethereum network. From the beginning of February 2024 until now, the world's largest digital currency has increased about 68%.
