In 2023, South Korea secured the eighth position globally in cryptocurrency profits, with the overall global gains totaling $37.6 billion.

The United States topped the list of countries with the highest crypto gains, followed by others such as the UK, Vietnam, China, Indonesia, India, Russia, and then South Korea.

Chinese investors experienced a significant uptick, earning over $1 billion and ranking fourth worldwide, trailing the US, UK, and Vietnam.

Despite a drop from the highs of the 2021 bull market, the 2023 gains represented a substantial recovery compared to 2022.

Chainalysis forecasts a positive outlook for 2024, suggesting potential gains mirroring the 2021 bull market, bolstered by the approval of Bitcoin ETFs and current trends.

Bitcoin has reached new all-time highs in 2024, indicating a trend that could lead to gains comparable to those achieved during 2021's market peak.