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Trezor Sees Record Sales Week As Bitcoin Approaches $100,000

November 29, 2024 – Prague, Czech Republic The hardware wallet company reported a 600% increase in sales following the US elections and recorded its highest single-day sales in history. Trezor , the original Bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin’s sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency and a growing shift away from CEXs (centralized exchanges) toward self-custody have significantly driven Trezor’s record-breaking sales. The historic sales week followed the US presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average. This surge peaked on Friday, November 22, 2024, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its ‘Ledger Recovery’ service. Commenting on the milestone, Danny Sanders, chief commercial officer at Trezor, said, “These unprecedented results highlight the growing interest in cryptocurrencies. “A pivotal moment was Bitcoin becoming one of the topics during the US presidential elections, which served as a catalyst for further adoption. “Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. “The mantra, ‘not your keys, not your coins,’ remains highly relevant, as the market continues to recognize the risks of leaving assets on [CEXs] – a hard lesson learned from the collapse of numerous exchanges in the past. “All of this underpins the success of our expanded product range with the new ‘Safe’ and ‘Keep’ series and expert onboarding, making it easier for new people to onboard to hardware wallet.” The shift towards self-custody The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from CEXs (source – Cryptoquant). High-profile exchange failures, regulatory uncertainty and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians. New product line drives record sales Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design and robust security backed by Trezor’s open-source philosophy. Complementing these wallets, the Trezor Keep Metal – a durable solution for securely safeguarding wallet backups – and Trezor Expert, a personalized one-on-one online onboarding service, have seamlessly integrated into Trezor’s portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future. Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates. About Trezor Trezor is the original Bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies. Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users – from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative, which educates grassroots communities across the African continent on safe participation in the Bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and Bitcoin companies. Contact Jiri Kroulik , PR lead at Trezor This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements The post Trezor Sees Record Sales Week As Bitcoin Approaches $100,000 appeared first on The Daily Hodl . CoinTurk News

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Solv Protocol Explores On-Chain Yield Opportunities for Bitcoin Through Innovative Financial Strategies

In a groundbreaking move, Solv Protocol is set to reshape Bitcoin’s utility in decentralized finance by launching an innovative ‘On-Chain MicroStrategy’ product. This initiative aims to transform Bitcoin from a CoinTurk News