Bitcoin Surges To $117K As Trump Signs 401(k) Crypto Order Plans
Bitcoin Price Surges Above $117K as Trump Signs Executive Order Allowing Crypto in 401(k) Accounts
Bitcoin experienced a significant surge today, climbing above $117,500 after hitting a local low of $114,278 just yesterday. This sudden rebound follows the official signing of a groundbreaking executive order by President Donald Trump, which paves the way for cryptocurrencies like Bitcoin to be included in 401(k) retirement accounts. The move is expected to have a profound impact on the cryptocurrency market and institutional adoption.
The executive order directs the Department of Labor to review its current guidance on fiduciary responsibilities in ERISA-governed plans, with a focus on offering diversified funds that incorporate alternative investments. Additionally, collaboration between various federal agencies, including the Department of Labor, Treasury Department, and Securities and Exchange Commission (SEC), will determine if regulatory updates are necessary to support this policy shift. The SEC is specifically tasked with revising its rules to facilitate greater access to alternative assets like digital assets in retirement accounts.
According to the White House fact sheet, President Trump aims to provide American workers with more investment options to achieve stronger and more secure retirement outcomes. Alternative assets such as private equity, real estate, and digital assets offer competitive returns and diversification benefits, making them appealing additions to retirement portfolios.
Galaxy Digital CEO Mike Novogratz emphasized the significance of this executive order, noting that a substantial amount of capital will flow into Bitcoin and crypto as a result. The move is expected to attract significant investment and drive further growth in the cryptocurrency market.
The policy shift is poised to be a major catalyst for Bitcoin adoption, fueling institutional interest that has been steadily increasing over the years. Data from asset manager Bitwise shows a significant shift towards institutional investment in Bitcoin, with institutions purchasing a large portion of newly mined Bitcoin. The trend has accelerated in 2025, with a notable increase in the number of publicly traded companies holding Bitcoin on their balance sheets.
Two companies leading the charge in corporate Bitcoin treasury management are Nakamoto and Twenty One Capital. Nakamoto, in partnership with KindlyMD, is set to acquire hundreds of millions in Bitcoin following a planned merger. Meanwhile, Twenty One Capital already holds a substantial amount of Bitcoin, solidifying its position as one of the largest corporate Bitcoin holders globally.
The executive order signed by President Trump signals a new era of cryptocurrency adoption and investment opportunities, with the potential to reshape the retirement investment landscape for millions of Americans. With increasing institutional interest and regulatory support, the future of Bitcoin and other cryptocurrencies looks promising.
