On Thursday August 7 President Donald Trump is set to sign an executive order that could flip the 401k world upside down
For the first time ever your retirement account could soon hold
š¼ Private Equity
š¢ Real Estate
āæ CRYPTOCURRENCY
Yes Bitcoin Ethereum and more inside your 401k
Here is the move
Trumps order will tell the US Department of Labor to review and rewrite the rules for retirement plans clearing the way for alternative assets under ERISA
The kicker Once this door is open alternative asset firms get access to a 12 TRILLION market and crypto goes mainstream in a way we have never seen before
š„ The Market Reacts
Right after the news hit Bitcoin jumped from 114900 to 115670 in one hour
Futures open interest spiked 125 percent
And we are still miles below the 120K line but the speculation fire is already lit
ā ļø The Catch
This is not instant Regulations could take until 2026 to be fully in place
Even then 401k plan sponsors will need time to research and restructure before offering crypto
But make no mistake this is the moment the fuse was lit
š Bottom Line
Crypto just got its official invite to the retirement party
When 12 trillion is on the table you do not want to be late
Are you ready for CryptoIn401k
