๐ Bitcoin Soars Past $116K as Trump Backs Crypto in 401(k)s! ๐บ๐ธ๐ฐ
๐ Historic Surge: Bitcoin Hits +$116
Bitcoin jumped over 2% after reports revealed that President Trump plans to sign an executive order allowing crypto investments in 401(k) retirement accounts, unlocking access to $12.5 trillion in retirement savings.
๐๏ธ Game-Changer for Retirement Planning
The executive order will direct the Labor Department to reevaluate ERISA rules, potentially removing regulatory barriers that have long restricted crypto exposure in retirement portfolios.
๐ฆ Institutional Adoption Accelerates
Corporate interest continues to grow:
Metaplanet bought 463 BTC worth $53.7M ๐ข
Smarter Web Company issued a $21M Bitcoin bond ๐
Over 200 public companies now hold Bitcoin ๐
๐ผ Wall Street Eyes Bitcoin
Experts say clearer fiduciary guidelines could unleash a wave of new Bitcoin investment products tailored to retirement accounts โ from crypto mutual funds to ETFs.
๐ $30 Billion Trading Frenzy
Crypto markets responded immediately, with over $30B in Bitcoin traded in 24 hours, reflecting investor excitement over potential long-term capital inflows.
๐ฎ Why It Matters?
This is more than a price spike โ it's a turning point for mainstream Bitcoin adoption, signaling that crypto may soon become a core component of American retirement planning.
โ Conclusion: Altcoins Ride the Wave Too
While Bitcoin led the charge, altcoins also saw strong gains, with many posting 3โ7% increases in the wake of the news. The broader crypto market is rallying on optimism that increased institutional access and retirement integration could benefit the entire digital asset ecosystem.
