Individuals and businesses can invest in bitcoin in several ways. However, each investment opportunity presents unique requirements and challenges for investors. Bitcoin trading is among the easiest ways to invest in crypto because it is less demanding in terms of capital and skill. Crypto trading works almost like traditional stock markets. However, bitcoin traders buy and sell short and long-term virtual assets.
Anyone with basic stock trading skills can trade bitcoins and other cryptocurrencies. Besides, bitcoin trading also allows you to invest small amounts of money according to your budget. Traders mainly take advantage of bitcoin’s volatility to profit from the price disparities of cryptocurrency exchanges. Established trading platforms, such as Yuan Pay Group provide various resources and tools to help traders forecast market conditions and asset prices.
Bitcoin trading has grown in popularity in recent years, attracting institutional investors and individuals from around the world. Statistics show that bitcoin adoption has grown over 800% in the past year, as of October 2021. Bitcoin currently has a market capitalization of over $1.2 trillion. Hence the following question: which country has the most cryptocurrency holders and users in the world?
Countries with the most bitcoin holders
Bitcoin is a highly volatile asset, with sudden and huge price swings. So, crypto trading comes with benefits and risks. Nevertheless, the countries with the largest number of cryptocurrency holders and users are undoubtedly at the forefront of bitcoin trading. Here are the countries with the most cryptocurrency holders:
● India – 100 million
● United States – 27 million
● Russia – 17 million
● Nigeria – 13 million
● Brazil – 10 million
The above countries had the largest number of cryptocurrency holders and users at the start of 2022. These numbers have increased over the past few months, but they still represent the largest number of holders and users. crypto users. Investments are spread across multiple sectors, but a significant percentage exists in crypto. These countries have also seen a steady rise in crypto startups, including crypto exchanges and payment providers.
An estimated 58% of the above crypto holders are young people under the age of 34. More than 82% of them are well-educated, with bachelor’s degrees and other higher academic achievements, and earn annual incomes of $100,000 and above. However, most cryptocurrency holders and users are men, who often use bitcoin to trade different cryptocurrencies.
Biggest bitcoin trading volumes
While the five countries mentioned above have the largest number of cryptocurrency holders and users, not all of them have the highest bitcoin trading volumes. This is mainly because more companies and giant investors with large bitcoin holdings are not selling their assets. Instead, they hold onto the reserves, hoping to sell for bigger profits in the future when bitcoin prices skyrocket.
Here is a list of countries with huge bitcoin trading volumes, according to a recent report by Statista.
● United States
Experts believe that a single account holds over a million BTC. This account belongs to Satoshi Nakamoto, the anonymous inventor of bitcoin, who received 1 million BTC for mining 22,000 blocks. Institutions and individuals hold the rest of bitcoin reserves in different parts of the world. However, some notable names with large bitcoin reserves are Binance, Bitfinex, Microstrategy, and Tesla.
Most companies and institutions with large bitcoin reserves are American and have operations in most parts of the world. Perhaps this is why the United States has the largest bitcoin holdings and trading volumes. Additionally, the United States is home to some of the world’s leading tech start-ups, which is driving the rapid adoption of bitcoin and other cryptocurrencies.