A Bloomberg article exposed that BTC and ETH were directly boosted.

According to the content, Trump will sign an executive order on Thursday, requiring the U.S. Department of Labor to reassess industries such as private equity, real estate, and cryptocurrency for inclusion in 401 pension investment plans.

It also requires the Department of Labor to collaborate with agencies like the Treasury Department and SEC to study regulatory adjustments. These industries are expected to share approximately $12.5 trillion in pension funds entering the market.

For many years, legal risks have led most corporate pension management teams to refuse to include illiquid and complex products in 401 pension investments. As a result, the retirement investment portfolios of American wage earners have long been concentrated in stocks and bonds.

This executive order is seen as the Trump administration's biggest step toward opening the door to the private market, and it is also regarded as a super measure for the continuation of the upcoming bull market.

$12.5 trillion entering the market, are you ready, folks!