Opinion: Allocating only 2% of a 401(k) to Bitcoin and Ethereum would surpass 1.5 times the total ETF inflows 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 should not be underestimated. "Just 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 entire market's inflow. The key is that these buyers are largely price-insensitive, focusing on meeting their allocation targets rather than engaging in tactical trading." (CoinDesk)