Trump to Sign Order Allowing Pension Investments in Cryptocurrencies and Other Assets, Will Market Waves Emerge?
Under the close watch of the global financial markets, a significant piece of news is quietly brewing. According to senior White House officials, President Trump is set to sign an executive order on Thursday that will formally allow private equity, real estate, cryptocurrencies, and other alternative assets to be included in 401(k) retirement savings plans. This decision is like a giant stone thrown into a calm lake, signaling that the U.S. pension investment sector is about to undergo significant changes, and it has sparked many speculations about the future direction of the financial markets.
Once the news broke, the financial markets quickly reacted. Bitcoin prices surged in response, reflecting the market's optimistic expectations for cryptocurrency investment prospects; at the same time, private equity concept stocks such as Apollo Group also showed slight increases in pre-market trading, indicating a boost in investor confidence in the private equity sector.