Trump 401K Order Could Send ‘Billions’ Into Bitcoin, Ethereum: Analysts

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.