Trump to approve crypto investment for Retirement Accounts

[Drnice]

When we look at the world today, any bank account that has gotten to the stage of retirement is an account that has little to no idea on crypto currencies. It is announced that President Trump prepares to sign an executive order to allow retirement accounts to take part in investing into cryptocurrencies. These accounts are said to be about 401k accounts, going beyond the traditional investment of stocks like gold and its likes.

If this order is signed, what will be its effect on the market?

[Helena Yu]

This one would likely to work than accepting Bitcoin as a currency.

Most people use Bitcoin as an investment, retirement is a long term purpose, so anyone who include Bitcoin in their retirement plan won't regret.

It could cause a massive gain because people are discouraged to withdraw their coins since they would get penalty if they withdraw earlier before they hit 59 1/2 years old.

[Shawheer Khan]

If this order is signed, what will be its effect on the market?

I think this will be really good for the Crypto Market. Because 23% of US population which Is nearly 77 million people are older than 59 1/2 years, which is the typical retirement age for assessing retirement accounts without penalty.

So even a small fraction of these people let's say 5 million people invest in crypto market. It could be billions of dollars flowing into the market which will be a strong bullish sign for the growth of the Crypto-Space.

Retiree adoption could quietly become one of the strongest reason for a good bullish trend for the coming years.

[Distinctin]

This will certainly bring a lift up on the crypto market, particularly for bitcoin where it’s the most dominant crypto investment.  However, since this is just exclusive for Americans, then let’s see if this future plan works, expect that some countries would do the same especially that this will safeguard the future economics of their citizens.

At least having this kind of crypto consideration, I am starting to believe that crypto global adoption, bitcoin to be exact, will be given chances to turn into reality soon, if not as a currency, at least as a crypto retirement funds.

[Easteregg69]

This will certainly bring a lift up on the crypto market, particularly for bitcoin where it’s the most dominant crypto investment.  However, since this is just exclusive for Americans, then let’s see if this future plan works, expect that some countries would do the same especially that this will safeguard the future economics of their citizens.

At least having this kind of crypto consideration, I am starting to believe that crypto global adoption, bitcoin to be exact, will be given chances to turn into reality soon, if not as a currency, at least as a crypto retirement funds.

I be on MAGA and Trump and Melanie coins.

Everyone deserves a second chance.

[aoluain]

This sounds like a very viable approach for retirement accounts. We know with a fair
degree of certainty that Bitcoin is an exceptional financial vehicle for the long term
so that and a retirement fund of some sort really go hand in hand.

For me knowing about Bitcoin, If I was to approach an advisor on a retirement
or pension plan and they werent factoring Bitcoin into their basket of investments
I would not be dealing with them

[AVE5]

When we look at the world today, any bank account that has gotten to the stage of retirement is an account that has little to no idea on crypto currencies.

But is there really a periodic feature in the banking sector that retires bank accounts except the dormancy of bank accounts due to inactivity?

It is announced that President Trump prepares to sign an executive order to allow retirement accounts to take part in investing into cryptocurrencies. These accounts are said to be about 401k accounts, going beyond the traditional investment of stocks like gold and its likes.
If this order is signed, what will be its effect on the market?

I don't understand the essence of the proposal for retirement accounts to invest into the crypto when bitcoin hasn't been restricted in the he United States because I just think anyone has the right to decide if they want to invest on cryptocurrency or not. So I don't see any new development about it.
Or does the system state that the government is going to help those folks who doesn't have crypto knowledge manage the assets for them given liberty to also benefits from the cryptocurrency? I think that really feels good in the other hand because it'd encourage others to follow suit and so also will the crypto community be expatiating on adoption.

[satscraper]

I don't understand the essence of the proposal for retirement accounts to invest into the crypto when bitcoin hasn't been restricted in the he United States

On one hand, this is a good option, but on the other, they will know I hold Bitcoin. I keep it in my wallet for retirement and prefer to manage it myself rather than entrust thethird party with it. That said, many people are uncomfortable with cryptocurrency, and would likely prefer to invest through 401(k) option. Overall, it's a nice initiative from Trump's side. Hope to see $150K in the nearest future.

[dimonstration]

If this order is signed, what will be its effect on the market?

It’s surely a positive effect. Not only because bank will purchase crypto as part of the retirement plan but also crypto specifically Bitcoin is already on the euphoria phase which means any positive news that will give a potential huge impact will surely boost confidence to retail and institutional to purchase more for early position.

I believe this is a good move in case will approved specifically on Bitcoin because it’s proven that Bitcoin price grow long term which is perfect for retirement plan rather than store money in bank with peanuts interest.

[Rustam Meraj]

If President Trump signs executive order allowing 401k retirement accounts to invest in cryptocurrencies it would greatly impact market by bringing in huge amount of new money potentially increasing crypto prices and making it look more legitimate. This move would also offer retirement savers new way to diversify but it comes with big risks due to crypto volatility meaning average investors would need much of education to understand these new complex investments. Such order would also push regulators to create clear rules and safeguards for crypto in retirement plans eventually leading to more defined and integrated crypto market though it might cause some short term ups and downs as everything adjusts.

[aylabadia05]

When we look at the world today, any bank account that has gotten to the stage of retirement is an account that has little to no idea on crypto currencies. It is announced that President Trump prepares to sign an executive order to allow retirement accounts to take part in investing into cryptocurrencies. These accounts are said to be about 401k accounts, going beyond the traditional investment of stocks like gold and its likes.

If this order is signed, what will be its effect on the market?

It's a good idea to save the future retirees according to the purpose of the investment itself.
For the market itself, the effect will probably be more positive because the world, especially America, will become more aware of the importance of facing the future challenges of the economy with a more modern system.
Other countries will also follow slowly especially if I know that Trump has signed the GENIUS Act which regulates the crypto world, especially Stable coins which have pluses and minuses.

[cabron]

No link source for this announcement?

No president is doing like this before but surely the regulators should be catching up before this executive order flies.
Everybody is onboard already when this happen. Elders just have to hope they are not going to lose their hard earned money and they can use their funds while they retire somewhere warmer.

[Aanuoluwatofunmi]

When we look at the world today, any bank account that has gotten to the stage of retirement is an account that has little to no idea on crypto currencies. It is announced that President Trump prepares to sign an executive order to allow retirement accounts to take part in investing into cryptocurrencies. These accounts are said to be about 401k accounts, going beyond the traditional investment of stocks like gold and its likes.

If this order is signed, what will be its effect on the market?

Always apply the necessary link to serve as back up whereby we can read further on this development.

Why is Trump always about cryptocurrencies and not being specific about bitcoin, all these shilling they are doing will not help in any way promote any of their coin projects, if its not bitcoin, then there is no need for any crypto consideration in the first place, all these people want is bitcoin and not any other altcoins that cannot be reliable or trusted, we are not running on hypes for anything, but how we could invest in bitcoin and see the people uses the currency as the adoption increases over time.

[Dr.Bitcoin_Strange]

Financial time published the news yesterday, and from the statement, It didn't mention Bitcoin specifically but it only did made reference to crypto generally as it stated that it will include cryptocurrency investments, gold and private equity. We know that Trump can be funny at times, hope this is not just a statement where at the end he take a contrary action.

[YOSHIE]

If this order is signed, what will be its effect on the market?

Although the Trump government signs for retirement to have an investment opportunity in the crypto market, it does not mean that the crypto market changes dramatically, just like now the market remains as usual.

Of course, not all pensions have the will to invest in bitcoin, some of them retirement is the expected salary for eating every month, I thought that even though the investment policy was implemented, I was sure about 30% of the pensions who wanted to do it, the rest of pension money was used for their respective needs, I was sure that.

Except: Requirements for retirement of 5% of their funds must be freezed in a digital account, in the next five years it can be disbursed, I think it's another story based on demands. 

[cryptoaddictchie]

If this order is signed, what will be its effect on the market?

For me it could bring harm than good for users who are not into crypto and used to on traditional investment. Yes this is a bullish move for crypto users cause with this law it will expand the adoption to more users, however informatiom drive should be good and proper to educate uneducated users towards crypto. Its like open a new world to everyone completely unknown to them.

[Synchronice]

When we look at the world today, any bank account that has gotten to the stage of retirement is an account that has little to no idea on crypto currencies. It is announced that President Trump prepares to sign an executive order to allow retirement accounts to take part in investing into cryptocurrencies. These accounts are said to be about 401k accounts, going beyond the traditional investment of stocks like gold and its likes.

If this order is signed, what will be its effect on the market?

Bitcoin is really becoming a digital gold. Cryptocurrencies, and especially Bitcoin, is one of the best performing asset to invest for retirement. Signing this executive order will have a positive impact on Bitcoin because it will allow people to hold Bitcoin for their retirement but the most important measurement on how it will affect the market is the fact of how many people will invest in Bitcoin. It's one thing when you allow something and it's another thing when people actively start using it. To be honest, old people, who think about retirement, aren't too tech-savvy, so I do not expect huge number of Bitcoins to be acquired but long-term, when the middle-aged generation starts preparing for retirement, I'm sure that lots of them will heavily invest in Bitcoin and it will positively affect the market. The market is already too good for Bitcoin.

[BABY SHOES]

If this order is signed, what will be its effect on the market?

For me it could bring harm than good for users who are not into crypto and used to on traditional investment. Yes this is a bullish move for crypto users cause with this law it will expand the adoption to more users, however informatiom drive should be good and proper to educate uneducated users towards crypto. Its like open a new world to everyone completely unknown to them.

This might be controversial as the pension beneficiaries won't all like the bitcoin investments that Donald Trump plans to make, they might be used to traditional investments but Trump just wants to encourage wider adoption of bitcoin... of course we'd love to see this news if the agreement is indeed signed.

But since we haven't read this news fully, does this only cover bitcoin or other cryptos? And how this mechanism occurs is certainly behind this reason to want to know Trump's goal.

[Die_empty]

Financial time published the news yesterday, and from the statement, It didn't mention Bitcoin specifically but it only did made reference to crypto generally as it stated that it will include cryptocurrency investments, gold and private equity. We know that Trump can be funny at times, hope this is not just a statement where at the end he take a contrary action.

The move is to diversify the investment of the retirement market to other sectors. The US, before now, has restricted retirement funds to traditional stocks and bonds. Giving retirement fund managers the green light to invest in crypto could open up the market to more investment funds. The Trump government has been making some new laws to free up the crypto industry and take it to the mainstream. Let's just hope that he will sign the executive order and let retirement funds flow into the crypto market.

[CryptSafe]

OP, at first it would have been nice if you had explained better what you meant by "retirement account" in context, as not everybody gets it clear here what you meant by the word retirement account, as the majority of the people here are from nations or regions where such is not conversant with them, and besides this is a global platform so people would be curious to know what it means from your explanations even if I am aware of it, others too will need to have a little brief on what you meant by that.

Financial time published the news yesterday, and from the statement, It didn't mention Bitcoin specifically but it only did made reference to crypto generally as it stated that it will include cryptocurrency investments, gold and private equity. We know that Trump can be funny at times, hope this is not just a statement where at the end he take a contrary action.

I have always been skeptical of Trump's executive orders lately, as he has not been consistent with his bills. Bills of this nature always end controversially, if I am not mistaken. Although it is a good one to say because it will also add value to the crypto market but the government would always be who they are and would definitely do their own dirty job as it pleases them. Do not forget that they also want tax, and do not forget that they will always want to get them KYCed as well.