• The US tops Coin Journal’s list of most successful crypto countries, with an estimated $46.95 billion worth of crypto-related businesses employing 5,691 people across 1,992 businesses.
• The UK comes in second with 817 crypto-centric businesses worth an estimated $8.16 billion and employing 617 people.
• Germany, France and Vietnam round out the top five with a combined total of $17 billion worth of blockchain fin-tech start-ups and businesses between them.
US Crypto Industry Tops Global Rankings
The US crypto industry dwarfs that of other countries worldwide, according to Coin Journal’s list of most desirable crypto countries which gave the US a 9.94 score out of 10. It is estimated to be worth $46.95 billion and employs 5,691 people across 1,992 crypto-related businesses.
UK Takes Second Spot
Coming in at second place is the UK with 817 crypto-centric businesses worth an estimated $8.16 billion dollars and employing 617 people.
Other Top Five Countries
Germany came in at number three on the list followed by France and Vietnam with a combined total value of $17 billion for their respective blockchain fin-tech start-ups and businesses between them.
Proximity to Capital Impacts Crypto Success
In years past other countries have sporadically made various top five lists such as Switzerland (home to Zug’s „crypto valley“ canton), United Arab Emirates (home to Binance) and Estonia (once referred to as the „digital capital of Europe“). These rankings tend to draw heated debate online as people argue whether other factors such as quality of life or cost of living should factor into these indexes; however money does play an important role in determining success within any given crypto environment due its proximity to capital that can be put into work towards development projects or investment opportunities for example.
Coin Journals Methodology
According to Coin Journal’s report which is its first multiple factors were taken into account when making their methodology including: number of cryptocurrency owners by country, investment companies, crypto startups, and the estimated average gains from crypto per country; whereas reports such as Chainalyses‘ Geography Of CryptoCurrency Report include wider issues like macroeconomic environment, policy and regulatory conditions when making its own recommendations on successful regions for cryptocurrency investments or developments initiatives..
In conclusion money does obviously play a key role in determining success within any given crypto environment but it does not necessarily reveal the whole picture; therefore it is important that other variables are taken into consideration so that investors can make informed decisions about where they invest their capital both time or resources wise for maximum returns on investment potentials