How Trump’s 401(k) reforms could reshape your retirement plans

Key Points

1. Trump's executive order directs the Department of Labor to fast-track the inclusion of Bitcoin and other alternative investments in 401(k) plans.

2. Galaxy’s Mike Novogratz and other crypto leaders view this as a 'massive capital pool' that could bring more investors into the crypto market.

3. Ryan Ramsmussen of Bitwise estimates that if 10% of the $8 trillion in 401(k) assets were allocated to crypto, the sector could see inflows of around $800 billion.

4. Over 90 million Americans have retirement plans, but past regulations have blocked the inclusion of assets like crypto.

5. Some experts, like Josh Brown of Ritholtz Wealth Management, express concerns about high fees and question the necessity of including crypto in 401(k) plans.