Trump Signs Order that allows Cryptocurrencies in 401(k)s
Will it be a boost for Bitcoin?
It will be very interesting to hear from someone who lives in the United States, is a Bitcoin/Crypto enthusiast and thinks about retirement. I think that such a person on this forum is @philipma1957, so, I'll tag him here with the hope that he sees it and replies.
My opinion is that it will be a boost for Bitcoin. Up to 30% of US adult population is into 401 retirement plan. 17% of US adult population owns Bitcoin. I don't know what's the number of those who are into retirement plan and also own Bitcoin but it will be very interesting information to know. It's also very interesting to know how many of them are interested in Bitcoin and how big of a money flow we will see into Bitcoin's market cap. I assume that over the years, we will see a significant portion of money flowing into Bitcoin. Another interesting ting that we know is that 401(k) asset base is $8.7T and Bitcoin's market cap is $2.3T