Trump to Allow Pension Fund Investment in Cryptocurrency, Gold
BlockBeats News, July 18th, according to the Financial Times, Trump is preparing to open up cryptocurrency, gold, and private equity to the $9 trillion U.S. retirement market, a move that will stimulate a fundamental shift in how Americans manage their savings.
According to three sources familiar with the matter, Trump is expected to sign an executive order as early as this week to open up alternative investments for 401k retirement plans beyond traditional stocks and bonds. These investments will span a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals.
The sources mentioned above stated that the executive order will instruct regulators to investigate the barriers facing professional managed funds in incorporating alternative investments for 401k holders.
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