Bitcoin and Ethereum prices are surging today, with impressive gains! This exciting jump is thanks to two executive orders signed by Donald Trump that could seriously boost the crypto market.
401(k)s Open the Door to Crypto
One order allows 401(k) retirement accounts to invest in cryptocurrencies. This is HUGE! 401(k)s represent a massive $12 trillion market with over 90 million American participants.
This means millions of people can now easily add crypto to their retirement savings. Market expert Tom Dunleavy says this is even bigger news than crypto ETFs. He explained that these accounts constantly buy stocks and bonds, fueling the stock market’s growth for years. Now, that same steady buying power could flow into crypto, pushing prices higher.
Dunleavy crunched the numbers: a 1% crypto allocation from 401(k)s would inject $120 billion into the market, 3% would bring in $360 billion, and 5% a whopping $600 billion! And this isn’t a one-time thing; it’s ongoing investment.
Unlike ETFs, which can see massive sell-offs, 401(k) investments add consistent buying pressure without the risk of sudden drops. This is incredibly bullish for Bitcoin (BTC) and Ethereum (ETH).
Fair Banking for Crypto: Operation Chokepoint Ends
Trump also signed an order ending “Operation Chokepoint.” This operation basically pressured banks to avoid working with crypto businesses. The new order ensures fair banking access for everyone, including crypto investors.
This means easier access to crypto for investors – they can use their bank accounts to buy and sell crypto more easily. This increased accessibility should bring even more money into the crypto market, further boosting Bitcoin and Ethereum prices.