On Friday (December 27), the average profit of Bitcoin investors reached $57,525, reaching a peak of $69,438 earlier in December, an average increase higher than the average annual salary of Americans. After President-elect Donald Trump won the election, the number of American Generation Z cryptocurrency users on the well-known exchange Bitget surged 683%.
According to Whale Alert data, the average salary of Americans in 2024 is $62,027. Bitcoin investment profits have obviously surpassed American salaries. Imagine that as long as you own one Bitcoin, your savings will grow and even exceed your own annual salary, which has fueled the enthusiasm of the U.S. market.
Whale Alert explains: "The potential profit chart for each Bitcoin shows the potential profit holders could gain by selling each token at specific times."
Every day, you exchange your working hours for money (which for most people is fiat currency). You work hard, trading your time for a currency that continually loses purchasing power, forcing you to work longer hours to make up for it.
But Bitcoin completely disrupts this dynamic; with Bitcoin, you can work (exchanging your time for money) and then watch your wealth grow rather than diminish.
People can leverage the additional purchasing power provided by Bitcoin to buy homes or cars, pay for college tuition, reduce work hours, and/or spend more time with family, among other things. By buying and holding Bitcoin, you will have more choices in how to spend your time and money.
Bitcoin Magazine commented on this scenario: "To me, this is true financial freedom. This is just another reason why using Bitcoin as a savings tool is so important; it allows people to achieve financial freedom and secure their future."
And this is just the beginning. Over time, Bitcoin's price is expected to exceed $100,000 again, giving investors the opportunity to enhance their purchasing power further, allowing them more time to pursue their passions and interests.
All investors need to do is continuously hold Bitcoin, keep it safe, and hold it long-term (HODL). Even without holding a whole Bitcoin, one can still benefit from the dynamic of its purchasing power increasing over time, and the more Bitcoin you deposit, the more pronounced this effect becomes.
"Now everyone on Earth can create their own Bitcoin reserve, watch it grow, and choose how to spend their freed-up time," Bitcoin Magazine wrote.
In November, the number of Gen Z users on Bitget increased by 683%, marking a shift in cryptocurrency demographics following Trump's presidential election victory.
CryptoSlate reported that the proportion of Gen Z among new users on cryptocurrency exchanges jumped from 26.2% in October to 53.8% by the end of November, reflecting a growing interest among young investors.
This surge coincides with post-election optimism, driving Bitcoin's price above $90,000 and pushing the broader cryptocurrency market cap over $3 trillion.
Trump's statements supporting cryptocurrency during his campaign, including a commitment to establish a national Bitcoin reserve and encourage domestic Bitcoin mining, resonated with young voters. This demographic is known for being tech-savvy and interested in financial autonomy, flocking to platforms like Bitget.
In November, a total of 844,000 new users under 25 joined Bitget, a significant increase from 110,000 in October. This shift highlights the impact of political narratives on financial behavior, driven by fear of missing out (FOMO) and expectations of favorable crypto policies from the new government.
Bitget previously experienced user growth in late summer 2024, thanks to the integration of Apple Pay and Google Pay. However, the latest wave of Gen Z users reflects a unique combination of political and market forces, highlighting the sensitivity of this demographic to external developments.
The platform's growth aligns with a broader trend, where Trump has gained strong support among young men, especially white voters aged 18 to 29, leading by 28 percentage points. Engagement on social media and endorsements from figures like Musk and Logan further enhanced Trump's appeal to this group.
Bitget's research shows that Gen Z users account for 21% of cryptocurrency investors, and their growing financial knowledge and income levels make them key drivers of future market growth. Copy trading is a popular feature among young users seeking insights from influential investors, making up 44% of Gen Z activity on the platform.
The influx of Gen Z users on Bitget reflects broader international trends, with countries like El Salvador and Brazil exploring Bitcoin-friendly policies. This demographic shift indicates that geopolitical events will continue to affect cryptocurrency adoption, with young investors becoming pioneers in market participation.
