Bitcoin Tops $118K After Trump’s 401(k) Crypto Order — $9T Inflow Potential
I view Bitcoin pushing above $118,000 as a meaningful market reaction to President Trump’s executive order that allows crypto allocation in retirement accounts. I see this move as unlocking the potential for up to $9 trillion in retirement flows into Bitcoin and the broader cryptocurrency market. Despite a short-term 2.67% pullback, BTC remains strong around $118,940, underscoring robust demand and renewed investor confidence in crypto adoption.
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