On Friday (December 27), Bitcoin investors averaged a profit of $57,525, having touched a peak of $69,438 earlier in December, with average gains exceeding the average annual salary of Americans. Following Donald Trump's election victory, the number of Gen Z cryptocurrency users on the well-known exchange Bitget surged by 683%.
According to Whale Alert data, the average wage for Americans in 2024 is $62,027, and the profits from Bitcoin investments have clearly surpassed American salaries. Imagine, just by holding one Bitcoin, your savings would grow, even exceeding your own annual salary, intensifying the excitement in the American market.
Whale Alert explains: 'The potential profit chart for each Bitcoin shows the potential profit a holder could earn by selling each token at a specific time.'
Every day, you exchange your working hours for money (which for most is fiat currency). You constantly work hard to earn a currency that is losing purchasing power, forcing you to work longer hours to make up for it.
But Bitcoin has completely disrupted this dynamic; with Bitcoin, you can work (exchanging your time for money) and then watch your money appreciate rather than depreciate.
People can leverage the extra 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, your choices in how to spend time and money become richer.
Bitcoin Magazine commented on this scenario: 'To me, this is real financial freedom. It's just another reason why using Bitcoin as a savings tool is so important, allowing people to achieve financial freedom and secure their futures.'
And this is just the beginning. Over time, Bitcoin's price is expected to exceed $100,000 again, giving investors the opportunity to further enhance their purchasing power, allowing them more time to pursue their passions and interests.
All investors need to do is continue holding Bitcoin, protect it well, and hold it long-term (HODL). Even without holding a whole Bitcoin, one can still benefit from its purchasing power that increases over time, and the more Bitcoin you deposit, the more evident this becomes.
'Now, everyone on Earth can create their own Bitcoin reserve, watch it grow, and choose how to spend their freed-up time,' wrote Bitcoin Magazine.
In November, the number of Gen Z users on Bitget increased by 683%, marking a shift in the cryptocurrency demographic following Trump's presidential election victory.
CryptoSlate reported that the proportion of Gen Z among new users at cryptocurrency exchanges surged from 26.2% in October to 53.8% by the end of November, reflecting an increasing interest among young investors.
This surge coincided with post-election optimism, pushing Bitcoin prices above $90,000 and driving the total market capitalization of cryptocurrencies to over $3 trillion.
Trump's statements supporting cryptocurrency during his campaign, including a promise 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 the age of 25 joined Bitget, a significant increase from 110,000 in October. This shift highlights the impact of political narratives on financial behavior, with market enthusiasm driven by fear of missing out (FOMO) and expectations of favorable cryptocurrency 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 this demographic's sensitivity 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.
Research from Bitget shows that Gen Z users make up 21% of cryptocurrency investors, and their growing financial literacy and income levels make them a key driver of future market growth. Copy trading is a popular feature among young users seeking insights from influential investors, accounting for 44% of Gen Z activity on the platform.
The influx of Gen Z users to Bitget reflects a broader international trend, with countries like El Salvador and Brazil exploring Bitcoin-friendly policies. This demographic shift indicates that geopolitical events will continue to influence cryptocurrency adoption, with young investors becoming pioneers in market participation.
