Crypto surges globally after Trump's re-election

Donald Trump’s victory in the 2024 US presidential election has sparked a significant boom in global cryptocurrency adoption and investment. 

His pro-crypto policies and promises of clearer regulations have driven record growth, especially among younger users. 

A Binance survey of 27,000 participants across Asia, Europe, Africa, and Latin America revealed that 45% entered the cryptocurrency market in 2024. 

Notably, 44% of these participants allocated less than 10% of their assets to crypto, reflecting growing confidence in the sector as a stable, long-term investment. 

Gen Z users, aged 18-25, experienced a staggering 683% increase in participation on the Bitget platform following Trump’s re-election. 

“Donald Trump’s pro-crypto stance during the US presidential election resonated with young users, highlighting the role of political narratives in shaping financial behavior,” Bitget attributed this surge to.

Europe has also seen parallel growth. 

According to Financial News London, European crypto ETP (exchange-traded product) assets rose by nearly $6 billion since November 2024, driven partly by Trump’s electoral victory. 

In November alone, European crypto ETPs attracted $135 million in new investments, marking the third-best month of the year. 

The UK, in particular, has shown notable progress. 

The Financial Conduct Authority (FCA) reported an increase in crypto ownership among adults, rising to 12% in 2024 from 10% in previous years. 

The average value of crypto holdings also grew, reaching £1,842 from £1,595. 

Awareness of cryptocurrency increased marginally, from 91% to 93%. 

“Businesses should prioritize solutions that bridge the gap between crypto and fiat economies as the UK’s adoption rate suggests a significant growth trajectory,” emphasised Uldis Teraudkalns, Chief Revenue Officer at Paybis, highlighting the importance of seamless crypto-to-fiat solutions.

This global surge underscores the impact of supportive policies and market optimism on cryptocurrency adoption worldwide.