The cryptocurrency self-custody trend surged as Bitcoin neared the $100,000 mark, with Trezor experiencing a 600% increase in weekly wallet sales. On its record-high day, November 22, Bitcoin reached $99,645, prompting Trezor to achieve its best single-day sales, surpassing previous records from May 2023. This spike in wallet demand is attributed to factors including the recent US presidential election, which has shifted the regulatory landscape in favor of cryptocurrencies. Trezor's chief commercial officer noted that this change brings more clarity and support for the cryptocurrency market, fostering institutional adoption. Additionally, significant macroeconomic developments and the upcoming Bitcoin halving contributed to rising market optimism. The decline in Bitcoin reserves on exchanges further highlights a shift towards self-custody solutions, underscoring the importance of holding assets securely amidst ongoing market changes.

Source 🔗