Crypto Adoption Boom Worldwide After Trump’s Election Victory
Following Donald Trump’s victory in the 2024 U.S. presidential election, adoption and investment in the cryptocurrency market surged, recording the largest growth in recent years.
Trump’s crypto-friendly policies, coupled with his promise of a clearer regulatory framework, have spurred global interest and investment in the industry.
A new wave of global cryptocurrency investors
a recent survey A Binance survey involving more than 27,000 participants in Asia, Australia, Europe, Africa and Latin America revealed that 45% of respondents have entered the cryptocurrency market in 2024.
Interestingly, 44% of participants allocate less than 10% of their total assets to cryptocurrencies. This highlights the growing awareness and confidence in cryptocurrencies as stable, long-term investment assets.
This growth is not just global; This is especially evident among the younger generation. According to Bitget statistics, after Trump was re-elected, the number of Generation Z users on its platform soared by 683%, accounting for 53.8% of new users. This surge is attributed to Trump’s pro-Bitcoin stance The outlook for financial markets is generally optimistic.
“Donald Trump’s pro-crypto stance during the U.S. presidential election resonated with younger users, highlighting the role of political narratives in shaping financial behavior.” – Bitget report.
European market grows simultaneously
This trend is also strong in Europe. london financial news representOlds Crypto-related surge ETP In 2024, digital assets will usher in a milestone development. European cryptocurrency ETPs attracted £108 million (approximately $135 million) in new investment in November, making it the third-best month for the product this year, according to ETFGI.
“Part of the growth was triggered by Donald Trump’s victory in the U.S. presidential election. Crypto ETP assets in Europe have increased by nearly $6 billion since winning the White House race on November 5.” London Financial News commented.
In the UK, the Financial Conduct Authority (FCA) observed continued growth in cryptocurrency ownership in 2024. FCA data shows that 12% of British adults currently own cryptocurrencies, up from 10% in a previous report.
Awareness of cryptocurrency also increased from 91% to 93%. The average value of cryptocurrency holdings increased from £1,595 to £1,842.
“Adoption rates in the UK indicate that the number of residents owning crypto assets is likely to grow significantly in the coming years. According to the FCA’s research, many people will use cryptocurrencies to send and receive payments, pay for goods and services, and exchange them for fiat currency and exchange it back. Businesses looking to capitalize on this trend should prioritize solutions that provide seamless crypto-fiat transactions that meet user demand for a bridge between the two economies,” Paybis chief revenue officer Uldis Teraudkalns told BeInCrypto. .
Trump’s major policy changes, such as establishing Bitcoin strategic reserve and form a Bitcoin and Cryptocurrency Advisory Committeecreating unprecedented optimism about the future of cryptocurrencies. These actions pushed Bitcoin prices to all-time highs, with other cryptocurrencies such as Ethereum not far behind.
This election marks a critical moment for the cryptocurrency industry, not just in the United States but globally. From beginners to seasoned experts, investors are looking for opportunities in this dynamic market, hope for new era Cryptocurrencies are gaining wider recognition and regulation around the world.
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