"U.S. Retirement Plans Allow Crypto Investments… Bitcoin to Reach $200,000"

U.S. President Donald Trump has authorized cryptocurrency investments in American 401(k) retirement plans, and there are now opinions suggesting that Bitcoin (BTC) could rise to $200,000 this year.

According to Cointelegraph on the 19th (local time), Andrei Dragos, Head of European Research at Bitwise, stated, "Authorizing crypto investments in U.S. retirement plans is even more significant than the approval of a spot Bitcoin ETF," and added, "Bitcoin will reach $200,000 within this year."

Dragos particularly focused on the scale of new capital inflows. He explained, "U.S. retirement plans amount to $12.2 trillion, and even if just 1% of this is allocated to cryptocurrencies, $122 billion in new capital could be introduced." He further suggested, "According to a Bitwise survey, retirement portfolio designers are more likely to recommend a 2.5% or 3% allocation to Bitcoin," implying an even larger influx of funds.

Furthermore, Dragos highlighted the positive outlook contributed by the projected rate cuts. He predicted, "If the capital inflow coincides with the Fed's rate cut in September, the chances of reaching $200,000 become even higher."