Crypto in US 401(k) retirement plans may drive Bitcoin to $200K in 2025
Trump’s move to allow crypto in 401(k) retirement plans could push Bitcoin to $200,000 by the end of the year, according to Bitwise’s head of European research.
The inclusion of cryptocurrency in US retirement plans could mark a milestone for Bitcoin adoption and unlock billions of dollars in new capital, potentially pushing the asset above $200,000 by the end of 2025, according to André Dragosch, head of European research at crypto asset manager Bitwise.
President Donald Trump paved the way for cryptocurrency inclusion in US 401(k) retirement plans by signing an executive order on Aug. 7, granting Americans access to digital assets through their retirement plans.
The inclusion of crypto in 401(k) plans may be even more significant for the Bitcoin (BTC) price than the approval of US spot Bitcoin exchange-traded funds (ETFs) in January 2024, Dragosch said.
Source: Cointelegraph →Related News
- 2 hours ago
Bitwise exec predicts Solana will become Wall Street’s preferred stablecoin net...
- 6 hours ago
Stablecoins will force 'everyone' to share yield — Stripe CEO
- 7 hours ago
Blockchain network revenues declined 16% in September: Report
- 10 hours ago
Tokenizing stocks of DATs compounds investor risk: Crypto execs
- 13 hours ago
XRP slides below $3: How low can the price go next?