Opinion: A mere 2% allocation of Bitcoin and Ethereum in 401(k) could reach 1.5 times the total cumulative ETF inflows to date

BlockBeats News, August 8, regarding former President Trump's signing of an executive order allowing 401(k) pension investments in cryptocurrencies, Wintermute's OTC trader Jake Ostrovskis stated that the impact of this move cannot be underestimated. "Just a 2% allocation to Bitcoin and Ethereum would be equivalent to 1.5 times the total cumulative ETF inflow to date, while a 3% allocation would more than double the total market inflows. The key is that these buyers are mostly price insensitive, focusing on meeting allocation benchmarks rather than engaging in tactical trading." (CoinDesk)