Trump 401K Order Could Send ‘Billions’ Into Bitcoin, Ethereum: Analysts
Main Idea
U.S. President Donald Trump's expected executive order allowing Bitcoin and Ethereum in 401(k) retirement accounts has boosted crypto markets, with analysts predicting significant long-term capital inflows.
Key Points
1. Trump's executive order permits Americans to include Bitcoin and Ethereum in their 401(k) retirement accounts, leading to a market rally.
2. Analysts estimate that even a 1% allocation of 401(k) assets to crypto could bring $125 billion in new capital, with higher percentages yielding even greater inflows.
3. Bitcoin and Ethereum prices rose following the news, with Bitcoin nearing $116,305 and Ethereum reaching $3,816, reflecting market optimism.
4. Solana's price also saw a slight increase, with potential for further growth if Solana ETFs gain SEC approval.
5. The move is seen as a significant long-term catalyst for crypto adoption, comparable to or surpassing the impact of ETFs.
Description
A new executive order would allow Americans to add crypto to their 401(k) accounts.
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