Yesterday, the cryptocurrency market was in a frenzy, and the surge was driven by Trump's significant announcement pushing the 401(k) pension plan into the cryptocurrency field.
The 401(k) is mainly implemented in private companies in the U.S., and unlike public pensions, the investment decision process is two-fold: companies select asset classes, and employees choose specific projects, which makes investing in cryptocurrency quite challenging. Company owners worry that employees will blame them for losses, especially since the Department of Labor emphasized cautious low-risk investments during the Biden administration. Even large institutions like Fidelity find it difficult to push for this change; smaller institutions like ForUsAll have tried but face immense pressure from the bear market.
Now, Trump is asking the Department of Labor to change its stance, allowing companies to permit high-risk investments and having employees bear the risks themselves. This removes the ideological barriers for cryptocurrency to enter 401(k) plans and provides institutions with more operational leeway.
The 401(k) market size reaches $9 trillion, far surpassing the $6 trillion in public pensions. Monthly investments in cryptocurrency with matching funds from companies could be tax-exempt, locked in until age 60, which is highly attractive to the younger generation. This portion of funds entering the crypto space for locking up, with the potential for price increases, is unimaginable, and it is a significant boon for retail investors. If you could decide to invest a portion of your social security funds in cryptocurrency, I believe no one would refuse this tremendous wealth opportunity. 关注朱雀趋势#比特币流动性危机