⭐️ Crypto Adoption Boom Worldwide Following Donald Trump’s Re-election
After Donald Trump’s victory in the 2024 US presidential election, the crypto market experienced a significant surge in adoption and investment, marking the most substantial growth seen in recent years.
Trump’s crypto-friendly policies, combined with his promises of a clearer regulatory framework, have fueled global interest and investment in the sector.
🔸 A New Wave of Global Crypto Investors
A recent survey by Binance involving over 27,000 participants across Asia, Australia, Europe, Africa, and Latin America revealed that 45% of respondents had entered the cryptocurrency market in 2024.
Interestingly, 44% of participants allocated less than 10% of their total assets to crypto. This highlights a growing awareness and confidence in crypto as a stable, long-term investment asset.
Growth Dynamics of New Users Aged 18-25 (October-November 2024). Source: Bitget
This growth is not just global; it is particularly evident among younger generations. According to Bitget, the number of Gen Z users on its platform skyrocketed by 683% after Trump’s re-election, making Gen Z account for 53.8% of new users. This surge is attributed to Trump’s pro-Bitcoin stance and an overall optimistic financial market outlook.
“Donald Trump’s pro-crypto stance during the US presidential election resonated with young users, highlighting the role of political narratives in shaping financial behavior.” – Bitget reported.
🔸 European Markets Witness Parallel Growth
The trend is equally strong in Europe. Financial News London reports a sharp rise in crypto-related ETP assets in 2024, marking a milestone for digital assets. Data from ETFGI reveals that European crypto ETPs attracted £108 million ( ~ $135 million) in new investments in November, making it the third-best month for the products this year.