Bernstein emphasized that regardless of who takes over the White House, the Web3 industry will continue to attract investor funds. The crypto market will experience volatility until the results of the US elections are known.

“The Bitcoin genie is out of the bottle, and it will be very difficult to reverse. Our price target for the asset by the end of 2025 remains at $200,000, regardless of who wins the US election,” Bernstein said in a report.

According to analysts, the main factors driving the growth in the value of the first cryptocurrency will be the growing level of global financial debt, including in the US, and the devaluation of fiat currencies.

The policy of the US Securities and Exchange Commission (SEC) will also have a certain impact on the mood of investors and traders. If the aggressive rhetoric towards the crypto industry changes, leading digital assets will be able to demonstrate higher indicators than is commonly believed.

Earlier, analyst Michaël van de Poppe stated that crypto industry participants pay too much attention to the statements of politicians, while the real significant influence on the market is the statistics of the US labor market.

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Search queries for the word "bitcoin" have registered a noticeable increase, which began around October 27. On a 90-day scale, global data shows that the query reached a rating of 51 out of 100 on October 30.

Google (NASDAQ: GOOGL ) Trends measures interest on a relative scale from 0 to 100, tracking queries by time and location. Over the past 90 days, El Salvador leads the way with the most queries for “ bitcoin .”

Google Trends data for the search query "bitcoin" over 30 days.

Looking at the short-term 30-day period, the data shows that Bitcoin peaked at 100 on October 29 worldwide, with El Salvador and Nigeria among the leaders.

Note that Google Trends' long-term data is more reliable for understanding trends.

Google Trends data for the search query "bitcoin" over five years.

Over the past five years, interest in "bitcoin" reached a low of 17 out of 100 from October 20 to 26, rising to 23 the following week. El Salvador and Nigeria hold the top spots for search volume over the same five-year period, followed by Switzerland, the Netherlands and Austria.

Interestingly, the phrase “bitcoin mining” has become the most popular topic worldwide over the past 60 months, according to Google Trends. This signals a shift in public interest, likely driven by recent price movements.

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Bitget Wallet, a cryptocurrency wallet from the Bitget exchange, is gaining popularity on Telegram - its mini-app has attracted millions of users in just a few days after its launch.

Bitget Wallet Lite was pre-launched on October 28, and three days later, on October 31, the official launch of the mini-app integrated into Telegram took place. According to the developers' announcement, the non-custodial wallet allows you to buy, store, and transfer cryptocurrency.

According to Telegram, Bitget Wallet Lite attracted 3 million cryptocurrency holders in the first two days, and on the day of the official launch, its base exceeded 6 million. This is half of all Bitget Wallet users, whose audience includes 12 million active addresses.

According to Bitget Wallet COO Alvin Kan, the popularity of the mini-app is due to the new features of the crypto wallet and the promotions that its developers conduct.

We launched a targeted campaign in Telegram groups with gifts for the first million users to encourage early adoption by creating a sense of urgency and rewarding users who are eager to get the best features in Bitget Wallet,” said Kan.

Another factor in the sharp rise in popularity of Bitget Wallet Lite was the referral program, which allows you to receive a reward for friends and acquaintances who join the application.

Although Telegram has its own crypto wallet, third-party apps are also very popular. Hot Wallet is currently in first place with 5.8 million users per month. Next is Tonkeeper with 760,000 users, then OKX Wallet with about 700,000.

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