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Bitget experienced an unprecedented 683% increase in Gen Z users in November, signaling a significant shift in crypto demographics. This surge aligns with Donald Trump’s presidential election victory and his pro-crypto campaign promises, which included establishing a national Bitcoin reserve. The rise in Gen Z’s participation, from 26.2% of new users in October to 53.8% in November, propelled Bitcoin prices over $90,000 and boosted the broader crypto market cap beyond $3 trillion.
Fueled by Trump’s crypto-friendly rhetoric and pledges to support domestic Bitcoin mining, Bitget saw an influx of 844,000 new users under the age of 25, a dramatic jump from October’s 110,000. This demographic, known for its tech-savviness and pursuit of financial independence, appears to be responding to the political climate and the potential for favorable crypto policies.
The significant increase in young users at Bitget reflects a broader trend of political events influencing crypto adoption. With strong endorsements from public figures and a growing financial literacy, Gen Z is poised to be a driving force in shaping the future of the cryptocurrency market.