Trump don open $9T 401(k) funds make dem fit put for Bitcoin and Ethereum
President Trump order na say make regulators dey check and remove wahala wey dey stop 401(k) people from putting money for crypto inside di $9 trillion pension funds market. Di order comot previous labor department tins and e follow 2022 ERISA update idea. Big asset managers like BlackRock and Apollo dey ready crypto and digital assets wey get safe-harbor backup. Some states like North Carolina, Michigan and Wisconsin don start pilot program wey put pension money inside Bitcoin and Ethereum ETFs. Even if na just 1% of 401(k) money enter crypto, e fit move $90 billion enter digital assets, wey go boost liquidity and make institutions sabi crypto more. Traders need dey watch how regulators go review, di investment levels and risk-management rules. Downsides fit include high wahala on price changes, small liquidity, fees, and how dem dey value am no clear.
Bullish
Dis executive order dey good for BTC and ETH. For short term, if dem approve, e fit make demand increase as asset managers and retirement plans go start to put money, wey go drive price go higher. For long term, opening $9 trillion for 401(k) crypto investments go give steady institutional money, improve market liquidity, and make more people use am. Even though volatility and regulatory risks still dey, overall e go help make price no go fall too much and growth go continue.