Bitwise Predicts Bitcoin Surge on 401(k) Inclusion

A new executive order signed by US President Donald Trump allows cryptocurrencies like Bitcoin to be included in 401(k) retirement plans. This move has ignited a bullish prediction from Bitwise European research head André Dragosch, who forecasts Bitcoin’s price reaching $200,000 by year-end. His reasoning centers around the potential for billions of dollars in new capital to flow into the cryptocurrency market through 401(k) access. The estimate comes with a staggering projection of $122 billion in new capital flows if just one percent of US retirement assets are allocated to Bitcoin.