A report from Chainalysis revealed! Emerging markets continue to use digital assets in response to inflation in 2021.

2021 is a fierce year for the crypto market. Major assets such as Bitcoin and Ethereum hit record levels and attracted an unprecedented amount of institutional investment. and all year round Global investors made a total profit of $162.7 billion in cryptocurrencies. A fivefold increase from just $32.5 billion in 2020.

It is led by investors in the United States, with a large margin of about $47.0 billion in profits outperforming investors from other countries. Emerging markets have also shown a growing interest in adoption. cryptocurrencies and saw such economic opportunity

Chainalysis, a blockchain analytics companyuse dataTransactions and web visits for analysis on cryptocurrencies and investor behavior

Firstly, the company estimates the total profit generated by each asset by studying the holdings deposited and withdrawn from the exchange, secondly, by analyzing the web traffic spread across different regions. in each web trade The company can estimate the total profit of digital assets by country.

However, due to the decentralized nature of blockchain technology, The company accepts that the information is incomplete. There is only information from the web trade. and therefore should be included in the calculations “Profits on an individual or wallet level”

According to Chainalysis, developed countries such as the US, UK and Germany are the top three countries in terms of cryptocurrency adoption.

and although ChinabanThe industry is thorough in 2021, but China is still ranked No. 5 with estimated digital asset value expected to rise to $5.1 billion and annual growth of 194%.

The report also stated that emerging economies Outperforming global GDP ratings, possibly due to its reaction to domestic inflation.

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