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Trump signs an executive order allowing U.S. 401(k) retirement funds to invest in cryptocurrency.
This news has brought another wave of acceleration to the crypto market.
In particular, Ethereum surged to a new high of 3969.
According to the latest data,
the 401(k) retirement fund size has now reached 7.8 trillion.
In comparison to the market caps of the two major players in the crypto space:
$BTC 2 trillion market cap
$ETH 500 billion market cap
This is equivalent to 4 Bitcoins and 15 Ethers.
If this money can flow into the crypto market, it would definitely be a priority benefit for these two assets with ETFs.
As for when this money will enter the crypto market?
That depends on how Trump negotiates with the Department of Labor and the SEC.
Everyone can keep an eye on the subsequent policy updates from the Department of Labor and the SEC, as well as the progress of the "Financial Freedom Act."
#ETH #BTC
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