"Allowing U.S. Retirement Funds to Invest in Virtual Assets, the Biggest Beneficiary Is Bitcoin"

Source
Suehyeon Lee

Summary

  • U.S. President Donald Trump signed an executive order permitting the investment of retirement funds into virtual assets.
  • Joshua Krüger, Growth Director of the dEURO Association, stated that the biggest beneficiary of this policy will be Bitcoin.
  • Matt Hougan, CIO of Bitwise, predicted that inflows of retirement fund capital will increase the returns and decrease the volatility of the virtual asset market.

U.S. President Donald Trump signed an executive order allowing retirement funds to invest in virtual assets (cryptocurrency), and there is a forecast that Bitcoin (BTC) will be the biggest beneficiary.

According to Cointelegraph on the 9th (local time), Joshua Krüger, Growth Director of the dEURO Association, said, "The biggest beneficiary of this executive order is Bitcoin," and predicted, "Bitcoin has the highest institutional acceptance, so it is highly likely to be integrated first into regulated pension products."

Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated that this executive order could revolutionize the virtual asset market. He expected, "The slow and steady buying pressure from retirement fund contributions could increase returns and lower volatility, potentially revolutionizing the virtual asset market."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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