Since the election in the USA, the value of the cryptocurrency bitcoin has increased by around 50 percent. Earlier in the week, one bitcoin cost over 100,000 dollars for the first time.
It's a rush on Trump's signals about softer regulation of the sector and that he wants to invest in a crypto reserve. I can imagine that many see it as a step into the mainstream for crypto, says Frida Bratt, savings economist at Nordnet.
Both Nordnet and Avanza have also noticed an increased interest in crypto among Swedish small investors since then.
The day after the election, we could see that there were more than three times as many trading in these certificates compared to a normal trading day, says Frida Bratt.
Don't miss the train
Neither at Nordnet nor at Avanza can you buy cryptocurrencies. Instead, you can acquire certificates whose value follows the price development of different cryptocurrencies.
At Avanza, nine of the twenty most net-bought securities (excluding funds) since the US election have been related to crypto, according to the online bank's savings economist Philip Scholtzé.
"The rise of cryptocurrencies after the election has really caught the attention of savers", he says in a written comment to TT.
According to Philip Scholtzé, it is important that small investors understand what they are buying before they get into crypto investments.
"Being afraid of missing a train is rarely a feeling you should act on", he says.
An analysis from the Financial Supervisory Authority (FI) from last spring showed that between 2018 and March 2024, 200,000 Swedes had invested in crypto certificates. FI has also seen that trading in crypto certificates has increased since the US election.
Most lose
However, there are no figures on how many exchange real cryptocurrencies via various exchanges. According to the Tax Agency, 5,500 people declared the sale of cryptocurrencies last year.
In a comment to TT, FI's consumer protection economist Moa Langemark writes that the authority's analyzes from last spring show that "most consumers who have invested in financial instruments with crypto certificates as underlying assets have lost money".
She also says that the interest in investing in crypto tends to be highest when the value has already risen sharply.
"Many have therefore bought in at high levels and not been able to get back their invested money when they wanted to sell", she says.
