Hardware crypto wallet maker Trezor reported a 600% increase in weekly sales of its devices, with Donald Trump’s victory in the US presidential election one of the factors driving up demand.
Trezor Chief Commercial Officer Danny Sanders noted that the change in the White House administration means a positive change in the regulation of digital assets in the US.
“This promises to provide greater regulatory clarity, leading to improved operating conditions for businesses in the industry and increased institutional acceptance,” he said.
According to the top manager, political factors had a positive impact on the price of cryptocurrencies, which stimulated the influx of new buyers of hardware wallets. At the same time, the growth in demand for cryptocurrency and the increase in the number of investors in the market were caused by the reduction in interest rates by regulators in the US and the European Union.
Recall that in March, Trezor’s account on the X social network was hacked – the attackers published a series of tweets about the pre-sale of fraudulent TRZR tokens.
