Analyst: Bitcoin may get on board and break through $200,000 due to the 401(k) plan.

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[Coin World] Bitwise's Head of Research for Europe, André Dragosch, stated that incorporating Crypto Assets into U.S. 401(k) retirement plans could become a milestone for the popularity of Bitcoin, releasing 100s of billions of new capital. It is expected that by the end of 2025, the price of Bitcoin could exceed $200,000. Previously, former U.S. President Trump signed an executive order on August 7, allowing Americans to invest in digital assets through their 401(k) retirement plans. Dragosch pointed out that this development could have a greater impact on Bitcoin's price compared to the approval of the U.S. Spot Bitcoin ETF in January 2024. If the 401(k) industry reaches $12.2 trillion, a conservative 1% allocation could bring in about $12.2 billion in inflows. With the Fed potentially cutting interest rates and retirement plan managers starting to invest in Bitcoin ETFs this fall, Bitcoin's price is expected to reach new historical highs.

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MeaninglessApevip
· 7h ago
Whether it rises to twenty thousand depends on fate.
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MEVSandwichMakervip
· 7h ago
The Fed is copying our homework.
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CryptoHistoryClassvip
· 8h ago
*checking historical charts* hmm... pension money flowing into crypto? giving me strong 1929 vibes when everyone yolo'd their savings into stocks
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AirdropHuntervip
· 8h ago
Retired Dreamer
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AirdropBlackHolevip
· 8h ago
Stop dreaming, suckers.
View OriginalReply0
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