Trump's triumph boosts crypto worldwide
With record growth among young investors, bitcoin adoption has increased worldwide due to Donald Trump's re-election and pro-crypto policies.
The 2024 Trump re-election boosted bitcoin popularity and investment worldwide. The crypto market has grown to record levels due to his pro-crypto policies and promises of simpler rules.
Cryptocurrency adoption among 18–25-year-olds jumped 683% after Trump's triumph. This rise is due to his pro-Bitcoin position, which appeals to younger people. Bitget data reveals 53.8% of new users are Gen Z, a major demographic change in the crypto business.
In Europe, comparable tendencies have evolved. Crypto-related ETPs in the area have gained $6 billion since November 2024. November witnessed $135 million in European crypto ETP investments, the third-highest month of the year. The Financial Conduct Authority revealed 12% crypto ownership in the UK, up from 10%. UK cryptocurrency awareness rose from 91% to 93%, while average holdings rose to £1,842 from £1,595.
With over 27,000 participants from five continents, Binance discovered that 45% joined the crypto industry in 2024. However, 44% of these investors invest less than 10% of their assets in crypto, indicating rising trust in digital currencies as a long-term investment.
Trump's strategic Bitcoin reserve and Bitcoin and Crypto Advisory Council have boosted hope. Ethereum and other cryptocurrencies have followed Bitcoin to record highs due to these legislative changes. To meet increased demand for crypto-to-fiat transfers, UK companies are developing solutions.
This important event shows how governmental actions may change financial behavior and expand cryptocurrency markets. Crypto's future seems bright as more young and elderly join this dynamic industry.
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