The Unanticipated Impact of Trump’s Executive Order on Cryptocurrency in 401(k) Plans
Main Idea
U.S. President Donald Trump will sign an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, potentially unlocking a $12.5 trillion market and boosting institutional demand for Bitcoin and other digital assets.
Key Points
1. The executive order permits 401(k) retirement plans to invest in cryptocurrencies under the 1974 ERISA law, opening a market worth approximately $12.5 trillion.
2. This move is expected to increase institutional inflows into Bitcoin and cryptocurrency markets, balancing price volatility, especially with the rise of spot crypto ETFs.
3. Industry representatives believe the final guidelines could permanently integrate cryptocurrencies into 401(k) plans, fostering long-term market growth.
4. Following the news, Bitcoin's price rose by 2.01%, surpassing $116,000, while Ethereum increased by 5.46%, crossing $3,800, with similar gains in XRP, BNB, and Solana.
Description
Trump's order allows new assets in 401(k) plans, unlocking a $12.5 trillion market. The Department of Labor will clarify how managers can include alternative investments. Continue Reading: The Unanticipated Impact of Trump’s Executive Order on Cryptocurrency in 401(k) Plans The post The Unanticipated Impact of Trump’s Executive Order on Cryptocurrency in 401(k) Plans appeared first on COINTURK NEWS .
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