Trump Just Dropped A $12.2 Trillion Crypto Price Bombshell—Sending Bitcoin, Ethereum And XRP Sharply Higher
Main Idea
U.S. President Donald Trump signed an executive order allowing bitcoin, ethereum, XRP, and other cryptocurrencies to be included in 401(k) retirement accounts, potentially boosting the crypto market.
Key Points
1. Trump's executive order directs the Department of Labor to review rules for including cryptocurrencies in 401(k) retirement accounts within 180 days.
2. The move is seen as a major milestone for mainstream crypto adoption, with potential to impact the $10 trillion U.S. defined contribution market.
3. Bitcoin, ethereum, and XRP prices surged following the announcement, with bitcoin nearing $120,000 and ethereum surpassing $4,000.
4. The order reverses previous guidance discouraging 401(k) plans from offering crypto investments, promoting individual choice in retirement planning.
5. Analysts view this as a bullish signal for crypto, though some warn of a potential market correction in 2026 after the current bull cycle.
Description
U.S. president Donald Trump has signed an executive order that will make it easier for 401(k) retirement accounts—which hold a combined $12.2 trillion—to hold bitcoin and crypto...
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