CandleFocus

Crypto Adoption Boom Worldwide Following Donald Trump’s Re-election

The victory of Donald Trump in the 2024 US presidential election has led to a significant surge in adoption and investment in the crypto market. Trump's crypto-friendly policies and promises of clearer regulations have fueled global interest in the sector. A survey conducted by Binance revealed that 45% of participants entered the cryptocurrency market in 2024, with 44% of them allocating less than 10% of their total assets to crypto. The growth is particularly evident among younger generations, with a 683% increase in Gen Z users on the Bitget platform. The trend is also seen in Europe, with a sharp rise in crypto-related ETP assets and increased crypto ownership in the UK. Trump's major policy changes, including establishing a strategic Bitcoin reserve and forming a Bitcoin and Crypto Advisory Council, have created optimism about the future of cryptocurrencies and pushed prices to new record highs. This election has marked a pivotal moment for the cryptocurrency industry globally, with investors seeking opportunities in the market.

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