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Coinpaprika 2024-12-24 08:23:26

Trump's Victory Sparks Global Crypto Boom

The re-election of Donald Trump in 2024 has caused a global surge in cryptocurrency adoption and investment. His pro-crypto policies and promises of clearer regulations have sparked unprecedented interest in the sector, leading to record-breaking growth in the crypto market. Following Trump’s victory, cryptocurrency adoption among users aged 18–25 increased by an incredible 683%. This spike is attributed to optimism around his pro-Bitcoin stance , which has especially resonated with younger generations. Data from Bitget shows Gen Z users now make up 53.8% of new participants on the platform, marking a significant demographic shift in the crypto market. In Europe, similar trends have emerged. The region’s crypto-related ETPs have grown by $6 billion since November 2024. November alone saw $135 million in new investments in European crypto ETPs, the third-highest month of the year. The UK’s crypto ownership rate rose to 12% , up from 10% earlier, as reported by the Financial Conduct Authority (FCA). Awareness of cryptocurrencies in the UK also increased from 91% to 93%, with average holdings climbing to £1,842 from £1,595. A Binance survey involving over 27,000 participants across five continents found that 45% entered the crypto market in 2024. However, 44% of these investors allocate less than 10% of their total assets to crypto, signaling growing confidence in digital currencies as a stable long-term investment. Trump’s establishment of a strategic Bitcoin reserve and a Bitcoin and Crypto Advisory Council has amplified this optimism. These policy moves have helped Bitcoin prices reach new all-time highs, with Ethereum and other cryptocurrencies following suit. In the UK, businesses are already focusing on creating solutions to enable smooth crypto-to-fiat transactions, catering to the rising demand for such services. This pivotal moment highlights how political decisions can shape financial behavior and open new doors for cryptocurrencies globally. The future seems bright for crypto as more people, both young and old, join this dynamic market.

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