Goodness, a Bloomberg article directly brought $BTC and $ETH into the spotlight.
According to the content, Trump will sign an executive order on Thursday requiring the U.S. Department of Labor to reassess the inclusion of private equity, real estate, cryptocurrency, and other industries in 401(k) pension investment plans.
It also demands that the Department of Labor collaborate with the Treasury, SEC, and other agencies to study adjustments to supporting regulations. These industries are expected to share approximately $12.5 trillion of pension funds entering the market.
For years, legal risks have led most corporate pension managers to refuse to include illiquid and complex products in 401(k) pension investments. As a result, the retirement investment portfolios of American wage earners have long been concentrated in stocks and bonds.
This executive order is seen as the Trump administration's biggest step to open the doors to the private market and is considered a super measure for the continuation of the upcoming bull market.
$12.5 trillion entering the market, are you ready, everyone!