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Potential Impact of Cryptocurrency on Retirement Accounts in the U.S.

According to PANews, Ryan Rasmussen, the Director of Research at Bitwise, emphasized the potential impact of cryptocurrency on retirement accounts in the U.S. If digital assets constitute between 1% and 10% of the total assets in 401(k) retirement accounts, this could lead to an influx of funds ranging from $80 billion to $800 billion. Bitwise data shows that by the second quarter of 2024, the total assets in 401(k) retirement plans in the U.S. are approaching $8 trillion.