Billions of Crypto Profits, China Wants to Outrun America!


"Don't play with China, after all, there are rules in the country to make a lot of money, you know."

Unwittingly, investors in mainland China who continue to maintain their interest have finally managed to generate huge profits in cryptocurrencies in 2023 despite strict regulations on virtual assets in the country.

Through observation, Chinese crypto investors who earned about $1.15 billion last year have placed it in fourth place behind the United States (US), the United Kingdom (UK) and Vietnam.

It is also worth noting that Hong Kong crypto investors made $250 million in profit last year and in 2021, they will generate 41.3 billion.

So here it can be seen that crypto investors around the world earned $37.6 billion in 2023 from $159.7 billion in 2021 as the digital asset sector rose in price, but last year's gains represented a significant improvement from 2022's loss of $127.1 billion.

The gains made by Chinese investors last year show how the country's crypto community is thriving despite Beijing's strict ban on all activities involving digital assets.

However, the recent rise in the price of BTC has caught the attention of Chinese internet users making it the largest and most valuable crypto in the world following a hot topic on all major Chinese social media platforms.

However, BTC's bullish momentum has prompted new warnings from Chinese state media but Beijing, which has pledged to support Hong Kong's ambitions to become a major hub for virtual assets, has taken steps to allow retail investors to trade crypto through licensed platforms.