America Took $4 Billion in Bitcoin Profits in 2020 By CoinQuora


© Reuters. America Took $4 Billion in Bitcoin Profits in 2020
  • The USA took over $4.1 billion in profits in 2020.
  • Next in line is China with over $1.1 billion in Bitcoin profits.
  • High employment rates led to Americans adopting crypto trading.

The United States of America made the most profits from Bitcoin in 2020. Specifically, the profits amount to up to $4.1 billion. In comparison, China came in second place with $1.1 billion in Bitcoin profits in 2020.

It seems that while the pandemic hit Americans the hardest, so did the Bitcoin mania. Apparently, the combination of rising unemployment rates along with being forced into a lockdown for months led to

Additionally, the stock exchange was having a hard time with the pandemic as well. Moreover, the Game Stop incident got many traders to question the credibility of the stock exchange. Therefore, many traders turned their interest from traditional investment alternatives to try their hand at

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