Turkey Made $300 Million Profit From Bitcoin During the Epidemic

Turkey made $300 million profit from BTC transactions during the coronavirus epidemic.

Turkey made $300 million profit from Bitcoin during the epidemic. Accordingly, Turkey was recorded as the 14th country with the highest profit from Bitcoin transactions. According to the study conducted by Chainanalysis, the country that made the most profit from Bitcoin last year was the USA with 4.1 billion dollars, while Turkey earned 300 million dollars. After the USA, the country with the highest income was China with 1.1 billion dollars. Japan followed China with 900 million dollars. China is also the country with the largest transfer volume, but the reason behind the USA's more revenue is that most of the BTC that entered the country in 2020 was sold for profit realization towards the end of the year. While some countries are far behind in the ranking according to traditional economic indicators, they rank high when evaluated on the basis of their earnings from Bitcoin. While Vietnam is the 53rd largest economy in the world with 262 billion dollars, it ranks 13th with 351 million dollars in terms of earnings from Bitcoin. While the Czech Republic ranks 54th with $251 billion in economic size, it ranks 18th with $281 million in the ranking of countries that make profits from Bitcoin transactions. While Turkey ranks 25th with a national income of 761 billion dollars, it ranks 14th with 300 million dollars in the ranking of earnings from Bitcoin.