It is rumored that the White House will allow President Trump to sign an executive order later on August 7, local time in the United States, allowing individuals to buy bitcoin and cryptocurrency in their 401(k) retirement accounts. This is a huge advance for the cryptocurrency industry and should have been achieved long ago. It is estimated that the total amount of funds for all retirement accounts in the United States is about $43 trillion, including about $9 trillion in funds in 401(k) accounts. By comparison, the entire cryptocurrency industry has a market capitalization of less than $4 trillion, so this executive order will open up a huge pool of funds that pour into bitcoin and cryptocurrency assets.
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