August 8, 2025 Market Analysis
Today is a good day, '88' = 'prosperous', I wish everyone prosperity in advance; for those who have already made money, continue to prosper. Today's market is quite in tune, especially with Ethereum's strength, breaking through $3900 and refreshing the new high in the past 8 months. Although it is still in an important pressure zone and has not truly broken the $4100 pressure, the rise in the past two days after last week's correction is particularly precious. While BTC has not yet touched $120,000 again, Ethereum's strength is especially evident. 'The strong stay strong' has been labeled on Bitcoin for two years; perhaps now it is time to put this label on Ethereum.
The direct reason for this wave of increase comes from the latest executive order signed by Trump, which officially opens up 401k retirement plan investments in cryptocurrencies and other 'alternative assets', including crypto assets. Simply put, this is the most conventional operation for Americans—pension investment objects are now open to Bitcoin and Ethereum. This 401k is slightly different from regular pensions; it belongs to employee supplementary pensions. However, the scale is not small; according to third-party data, the current size of all U.S. pension funds is $27.7 trillion, while 401k accounts for $8.7 trillion. Pension investments are not uncommon in the U.S., but this time the option to open cryptocurrencies is exciting, and this crypto-friendly policy package is indeed substantial. Based on the current scale, I have listed the potential purchasing power for everyone, which is also why the crypto market has risen directly.
However, this huge policy benefit does not actually constitute direct buying pressure, as after the presidential decree is signed, the specific rule-making and capital inflow will take 1-2 years. In other words, this measure is essentially a long-term benefit, just like the previous spot ETF; the important thing is to open an investment channel and then slowly wait for capital to enter. Therefore, the rise in this market is more of an emotional expression; in fact, everyone can see that most cryptocurrencies, including BTC, have not rebounded significantly. As for why ETH is leading the rise of mainstream assets again, the underlying logic is still due to the continued micro-strategy implementation.
According to the latest on-chain data, wallet addresses created through BitGo have accumulated more than 170,000 ETH (the last time it was mentioned, it was 100,000) in the past 6 days, worth $670 million. This means that this is most likely an institutional address that continues to execute ETH accumulation plans, just like the micro-strategy back in the day, investing according to plan regardless of market fluctuations. In fact, institutions operate like this; once they begin to execute their investment plans, they will not easily change. Their investment cycles are generally measured in years, which is also why I believe Ethereum's purchasing power will continue for some time. As one fan said, 'qualitative change is caused by quantitative change'; when the sell orders in the market continue to be digested, should we still worry about Ethereum not reaching new highs?
Thank you for your attention and likes.#特朗普允许401(k)投资加密货币
