Donald Trump's victory in the US presidential elections led to a surge in interest towards cryptocurrencies among investors. According to a Bitwise survey, many American investors expressed greater openness to investing in digital assets post the November elections.
Impact of Trump's Victory on the Crypto Market
Following the presidential election win, where Trump emerged victorious, interest in cryptocurrency investments increased, particularly because of the new president's support for them and anticipation of more crypto-friendly regulations in the US.
Survey Results and Expert Comments
According to Bitwise's survey data, more than half of US financial advisors indicated their inclination to invest in cryptocurrencies in light of the November elections. 56% of respondents noted plans to invest in cryptocurrencies this year. Matt Hougan, Bitwise’s chief investment officer, commented on the survey results: “Advisors are realizing the potential of cryptocurrencies like never before and are dedicating more resources to investing than ever before.”
Access Issues with Cryptocurrencies
Despite increased interest, Bitwise analysts noted that many users still struggle with access to cryptocurrencies. According to the survey, only 35% of advisors can purchase cryptocurrencies for their clients.
Donald Trump's victory has elevated interest in cryptocurrencies in the US, yet access issues remain a significant barrier to wider adoption.
