Cryptocurrencies like Bitcoin (CRYPTO: BTC) have absolutely taken off since Election Day. Investors are betting that a lighter and friendlier regulatory environment under the Trump administration will continue to boost the sector to new highs. Additionally, crypto is getting more exposure than ever before and many view Bitcoin as a potential hedge to inflation, which could still be an issue next year.
Ethereum-based investment products have set a record for 2024, reaching $2.2 billion in net inflows, surpassing the $2 billion high in 2021, according to CoinShares.