Bitcoin (BTC) has jumped past $116,000, nearing its July peak, on reports that President Trump will sign an executive order opening retirement accounts to crypto investments.
Key Details of the Proposed Order
📜 Directs Labor Dept. to review ERISA rules blocking alternative assets
🏦 Coordinates with SEC/Treasury to ease crypto inclusion in 401(k)s
💼 Could unlock trillions – $12.5T sits in US retirement accounts
⚖️ Reverses Biden-era warnings about crypto in retirement plans
Why This Matters for Bitcoin
✅ Massive new demand potential from retirement funds
✅ Institutional validation of crypto as an asset class
✅ Price already reacting – BTC up 2.3% to $116,695
Crypto analyst Lark Davis called the news:
Challenges Remain
⚠️ Fiduciary concerns over volatility and custody risks
⚠️ Legal hurdles for plan administrators
⚠️ Regulatory scrutiny likely to continue
Beyond 401(k)s: Bitcoin’s Financial Expansion
🏠 BTC-backed mortgages now in pilot testing
📉 Strict loan rules apply (LTV ratios, disclosures)
🔗 Bridging DeFi/TradFi – but regulators remain cautious
