Bitget Reports Historic 683% Surge in Gen Z Users Following U.S. Presidential Election
The post Bitget Reports Historic 683% Surge in Gen Z Users Following U.S. Presidential Election appeared on BitcoinEthereumNews.com.
Bitget, a leading cryptocurrency exchange, has reported a surge in Generation Z users following Donald Trump’s victory in the November 2024 U.S. presidential election. The platform witnessed a remarkable 683% monthly increase in users aged 18-25. This surge transformed Bitget’s user composition, with Gen Z’s share of new users more than doubling from 26.2% in October to 53.8% in November. Political catalyst for the rise in Gen-Z users Trump’s campaign resonated particularly strongly with young voters through specific cryptocurrency policy promises. His promises included transformative proposals such as creating a national Bitcoin reserve and establishing a supportive regulatory framework for digital assets. These promises addressed key concerns among young investors who had witnessed regulatory uncertainty under previous administrations. The market’s response to these political developments proved dramatic and immediate. Growth Dynamics of New Users (Source: Bitget) Bitcoin’s value surged in the month following the election, creating a powerful feedback loop of interest and investment. This price movement, combined with high-profile endorsements from figures like Elon Musk and Joe Rogan, amplified the appeal of cryptocurrency investment among young people. These developments gained additional momentum through social media networks, where Gen Z users actively share investment insights and market analysis. The combination of political optimism, market performance, and peer influence created what Bitget describes as a “domino effect,” where positive sentiment in one area reinforced confidence across the entire cryptocurrency ecosystem. – Advertisement – Gen Z’s growing crypto influence Generation Z’s approach to cryptocurrency investment shows their position as digital natives who came of age after the 2008 financial crisis. Research shows that 21% of all crypto users belong to Gen Z, with over half of adults in this generation already having investment experience. Their lack of negative experiences with traditional financial crises has fostered an openness to alternative financial systems, particularly blockchain technology and…
Filed under: News - @ December 24, 2024 7:25 pm