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
đź“ś 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
âś… Massive new demand potential from retirement funds
âś… 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
