#CryptoIn401(k)
🇺🇸 Bitcoin Surges to $116,850 After Trump’s Crypto-Friendly Executive Order 🚀
Bitcoin has witnessed a remarkable surge in the U.S., hitting $116,850—a 2% increase—following news that President Donald Trump is set to sign an executive order allowing Bitcoin and other cryptocurrencies in 401(k) retirement accounts.
🔐 This move could unlock access to over $12.5 trillion in institutional capital, reshaping retirement investing. The order instructs the Department of Labor to review current guidance under ERISA (1974), potentially allowing broader crypto exposure in retirement plans.
🏦 This is a major step toward mainstream crypto adoption in the U.S. It also directs clarification on fiduciary duties for retirement providers, aiming to remove barriers to alternative investments like crypto.
📈 Corporates are following suit—MetaPlant purchased 463 BTC, and Smarter Web issued $21M in BTC bonds. Over 200 public companies now hold Bitcoin, signaling rising institutional confidence.
💸 In the last 24 hours alone, $30B+ worth of BTC has been traded, highlighting investor optimism.
This development could also benefit private equity and real estate investments.