Trump’s plans to open 401ks to crypto an ‘unprecedented shift’ for markets, experts say – InvestorDaily
On the back of bitcoin’s exceptional growth over the past week and a flurry of regulatory changes backflipping on Biden-era protectionism, Trump is soon expected to sign an executive order aiming to expand access to private-market investments, such as 401(k)s, for US retirement plans.
Co-founder of Australian crypto exchange platform Coinstash, Mena Theodorou, said if Trump follows through on the plan, it would represent an “unprecedented shift in global markets”.
With US pension funds ranking among the largest capital allocators in the world, Theodorou explained that the impact of such a move would be profound.
“Even a modest allocation of just 1–5 per cent to bitcoin could translate into billions of…
