Trump is once again adding fuel to the crypto fire—it's said he plans to promote U.S. pension funds entering the cryptocurrency space. From this operation, it seems he is genuinely invested in cryptocurrency trading. If this move succeeds, it would effectively pry open a door to a retirement fund market worth approximately $12.5 trillion for private equity and crypto industries.
What does $12.5 trillion mean? Currently, the entire market capitalization of Bitcoin is only $2.3 trillion, so comparing it this way, saying Bitcoin is heading for the "stars and the sea" is not an exaggeration.
Interestingly, after the news broke, the asset that surged the most was not Bitcoin, but rather Ethereum, with Bitcoin only showing slight movement. It appears that right now, Ethereum is the "hotcake" in the eyes of the market and institutions. At this momentum, we might see Ethereum reaching five-digit prices in this round. #ETH巨鲸增持 #特朗普允许401(k)投资加密货币