Point of View: A 401(k) allocating just 2% to Bitcoin and Ethereum could capture 1.5 times the total inflows into ETFs to date

BlockBeats News, August 8th, regarding Trump's signing of an executive order allowing 401(k) retirement funds to invest in cryptocurrency, Wintermute's OTC trader Jake Ostrovskis stated that the impact of this move cannot be underestimated. "Merely a 2% allocation to Bitcoin and Ethereum is equivalent to 1.5 times the cumulative ETF inflows to date, while a 3% allocation would more than double the total market inflow. The key is that these buyers are mostly price-insensitive, focusing on meeting allocation benchmarks rather than engaging in tactical trading." (CoinDesk)