Bitcoin Nears Record. It Could Soon Join Your 401(k).

Bitcoin Nears Record. It Could Soon Join Your 401(k).

Bitcoin nears record, ethereum hits highest price since Dec. 2021 after crypto 401(k) approval, SEC announces 'Project Crypto.'

Crypto Market Cap Nears $4.1 Trillion Amid US Approval for 401(k) Plans

The global cryptocurrency market capitalization reached $4.061 trillion yesterday (Monday). This marks a new record high for the sector. The increase was supported by strong performances from major cryptocurrencies. Bitcoin was trading near $123,000, while Ethereum surpassed $4,000.In a recent regulatory development, U.S. authorities approved the inclusion of cryptocurrencies as eligible investments within 401(k) retirement plans. This change ma…

Is The Big Money Coming? US Pension Funds Could Blow Up The Bitcoin Market

A significant political move could fundamentally change institutional investors’ access to Bitcoin and other alternative investments. In the US, a regulatory change is on the horizon that would allow so-called 401(k) pension funds to invest in alternative assets such as real estate, private equity, and cryptocurrencies in the future. These funds have a total volume of around US$12.5 trillion – a huge amount of capital that could flow into Bitcoi…