“Hardware cryptowallet maker Trezor recorded a 600% increase in weekly sales amid bitcoin’s ATN near $100,000, Cointelegraph reports. On November 22, digital gold quotes reached record highs above $99,600. On the same day, the company realized the maximum daily volume of devices since May 2023. Trezor commercial director Danny Sanders attributed the surge in demand to a number of factors. One of them […]”, — write: businessua.com.ua
Hardware crypto wallet maker Trezor recorded a 600% increase in weekly sales against the background ATN Bitcoin near $100,000. This is reported by Cointelegraph.
November 22 digital gold quotes hit record highs above $99,600. On the same day, the company realized its highest daily unit volume since May 2023.
Trezor commercial director Danny Sanders attributed the surge in demand to a number of factors.
One of them was the victory of Donald Trump in the US presidential elections. According to the manager, this stimulated users’ interest in self-storage solutions for cryptocurrencies such as hardware wallets.
Sanders believes that the change of power in the White House means a change in the regulatory regime of digital assets in the country and “a transition from a hostile environment to a favorable one.”
“This promises to provide greater regulatory clarity, leading to improved business conditions in the industry and increased institutional acceptance,” he added.
At the same time, in the United States, there were no significant changes in wallet sales, Sanders admitted. However, political changes in the country pushed the prices of cryptocurrencies to rise, which stimulated the influx of new customers, the manager noted.
He is sure that the Bitcoin halving that took place in April had a positive impact on the market.
“In terms of seasonality and the halved block reward, there was already an expectation of higher prices within the four-year cycle, about six months after the halving,” Sanders said.
In his opinion, the demand for cryptocurrency and the influx of investors also supported the growth of liquidity in connection with the reduction of interest rates by the central banks of the USA and Europe.
According to CryptoQuant, the bitcoin reserves of major platforms such as Binance and Coinbase have fallen to a six-year low. In 2024 alone, users withdrew approximately 427,000 BTC, worth about ~$40 billion.
Source: CryptoQuant.
This, too, is evidence of the increasing popularity of self-storage, Trezor’s manager suggested.
“The mantra ‘not your keys, not your coins’ remains very relevant as the market gradually realizes the risk of trusting assets to centralized exchanges – a hard lesson learned from numerous crashes in the past,” he emphasized.
We will remind you that in June the company introduced the new Trezor Safe 5 flagship, including a version of the wallet only for Bitcoin.
The source