Bitcoin Price Rallies To $116,000 As Trump Set To Sign An EO To Allow Bitcoin And Crypto To 401(k)s
Bitcoin MagazineBitcoin Price Rallies To $116,000 As Trump Set To Sign An EO To Allow Bitcoin And Crypto To 401(k)s Bitcoin price jumped to $116,000 following news that President Trump will sign an executive order allowing Bitcoin and crypto in 401(k) retirement accounts, potentially unlocking access to $12.5 trillion in retirement savings. This post Bitcoin Price Rallies To $116,000 As Trump Set To Sign An EO To Allow Bitcoin And Crypto To 401(k)s first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Bitcoin Price Rallies To $116,000 As Trump Set To Sign An EO To Allow Bitcoin And Crypto To 401(k)s
Bitcoin price surged to $116,850 on Thursday, marking an over 2% increase, after reports emerged that President Donald Trump plans to sign an executive order allowing crypto and other alternative assets in 401(k) retirement accounts, potentially unlocking a massive new pool of institutional capital for Bitcoin.
The executive order, expected to be signed on Thursday, will direct the Labor Department to reevaluate existing guidance around alternative investments in retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The move could give Americans greater access to Bitcoin and crypto through their retirement savings accounts, which currently hold approximately $12.5 trillion in assets.
This executive order represents a watershed moment for Bitcoin adoption. Opening up 401(k)s to Bitcoin investments could fundamentally reshape the institutional landscape for Bitcoin and potentially drive significant new capital into the space.
The development comes as corporate Bitcoin adoption continues to accelerate, with recent weeks seeing notable moves from companies like Metaplanet, which purchased 463 BTC worth $53.7 million, and Smarter Web Company, which launched a $21 million Bitcoin-denominated convertible bond. The number of public companies holding Bitcoin has surged to over 200 in just the last few months, highlighting growing institutional confidence in the asset class.
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