Miles, a 37-year-old NHS doctor from London, has long urged his friends to explore cryptocurrency investments. Recent market gains, driven by the so-called “Trump pump,” have left them both envious and regretful. “They have watched in frustration as my gamble paid off,” he shares.
Miles’s cryptocurrency portfolio, now valued at £2.3 million, has transformed his financial future. Earlier this year, he withdrew £600,000 to purchase a home. “It’s set me up for life,” he says, recalling his initial £4,000 investment in Bitcoin back in 2012. “My pot fluctuates by hundreds of thousands each day, but I’ve been through years of volatile periods.”
Miles is among many ordinary people, often called crypto retail investors, who shared their experiences of venturing into digital assets. From young professionals to retirees, the surge in cryptocurrency prices has captured the attention of individuals seeking alternatives to traditional financial systems.
Bitcoin recently hit an all-time high of $97,000 (£76,500), fueled by optimism surrounding Donald Trump’s return to the White House. Many investors see his presidency as a potential boon for crypto, legitimizing it as a mainstream asset class. According to the Financial Conduct Authority (FCA), 12% of UK adults now own cryptocurrency.
During the pandemic, when lockdowns left many with extra savings, user-friendly apps and platforms made it easier for newcomers to enter the market. Professionals from various fields—teaching, IT, nursing, and banking—are now exploring crypto investments, breaking the stereotype of “tech bros” dominating the space.
For some, like Julian, a 57-year-old draughtsman from Nottingham, cryptocurrency offered protection against inflation. “I was alarmed that not only was there virtually zero interest on my savings, but every pound I owned was also losing value due to quantitative easing,” he explains. Julian invested heavily and endured an initial 50% drop in value, yet remained steadfast. “I’d done my homework and knew this was how it performed.” Four years later, his Bitcoin holdings have significantly grown.
Others, like Claire, a 50-year-old nurse from New Zealand, expressed mixed emotions about their gains. “Trump’s re-election has led to quite a significant increase in my wealth. I feel a bit guilty, like it’s almost dirty money,” she admits.
However, not everyone has benefited. Mark, a cycling instructor from northern England, shared his struggles. “I’ve made endless stupid mistakes, had crypto stolen, and sold at the wrong times,” he laments. Despite setbacks, he remains cautiously optimistic about Bitcoin’s potential.
As crypto continues to attract investors from all walks of life, its future remains as unpredictable as its past. For many, the allure of financial freedom outweighs the risks, making it an ever-evolving part of modern finance.
