PiCK
"US 401(k) Pension Inclusion Expected to Lead Bitcoin to $200,000 Within the Year"
Suehyeon Lee
Summary
- It was reported that attention is focused on the fact that cryptocurrency investments are now permitted in the U.S. 401(k) pension plan.
- Andrei Dragos, Head of European Research at Bitwise, stated that approximately $122 billion could flow in if Bitcoin is allocated at least 1% of portfolios.
- As a result, there is a projection that the price of Bitcoin will begin to rise significantly after this fall and could exceed $200,000 by the end of the year.
Recently, with cryptocurrency investments now permitted in the U.S. retirement plan '401(k)', there is a forecast that Bitcoin could rise to $200,000 within the year.
On the 23rd (local time), Andrei Dragos, Head of European Research at Bitwise, told Cointelegraph, "If virtual assets are included in 401(k) plans, at least 1% of the portfolio may be allocated to Bitcoin. This would mean approximately $122 billion in new capital inflows."
He added, "Such inflows could accelerate starting this fall, and there is a strong possibility that Bitcoin will surpass $200,000 by the end of the year."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
