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Bitcoin Rally Boosts Demand for Trezor Wallets by 600%

Bitcoin Rally Boosts Demand for Trezor Wallets by 600%

HappyCoinNewsHappyCoinNews2024/11/29 00:22
By:HappyCoinNews

Hardware crypto wallet manufacturer Trezor recorded 600% growth in weekly sales amid Bitcoin rally and the asset reaching an all-time high of over $99,640.

According to Trezor's chief commercial officer Danny Sanders, several factors have triggered the surge in wallet orders, including Donald Trump's victory in the US presidential election.

According to the top manager, this has stimulated user interest in solutions for self-storage of cryptocurrencies, such as hardware wallets. In his opinion, the change of power in the White House means a change in the regulatory regime for digital assets in the country and "a transition from a hostile environment to a favorable one.

At the same time, he noted that there has not been a significant increase in sales of hardware wallets in the United States yet. However, political changes in the country have pushed cryptocurrency prices up, which has stimulated an influx of new customers, the manager said.

Also, according to Sanders, the April meeting also had a positive impact on the market. halving Bitcoin. In terms of seasonality and the block reward halving, there has already been an expectation of higher prices within a four-year cycle, approximately six months after the halving.

Demand for cryptocurrency and the influx of investors also supported the growth of liquidity volumes in connection with the reduction of rates by the US and European central banks, Sanders concluded.

EN @happycoinnews
EN @happycoinnews_en
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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