BiyaPay Analyst: Trump Signs Executive Order, $12.5 Trillion Expected to Enter Market, Bitcoin Ethereum See Price Spike

August 8th. On Thursday, Trump signed an executive order mandating the U.S. Department of Labor to reassess the investment eligibility of industries like private equity, real estate, and cryptocurrency, enabling their inclusion in 401(k) retirement plan investments. This action might not only infuse a substantial amount of funds into the market but also trigger a robust rally in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). According to reports, this executive order also instructs the Department of Labor to cooperate with the Department of the Treasury, the U.S. Securities and Exchange Commission (SEC), and other relevant agencies to study how to adjust supporting regulations to permit more types of investments into 401(k) pension plans. It is anticipated that this change will bring approximately $12.5 trillion of pension funds into the market, undoubtedly offering strong backing for cryptocurrencies and related assets. In the past, due to legal uncertainties, the majority of corporate retirement plan administrators have refrained from including illiquid and structurally complex products in 401(k) investments. BiyaPay analysts pointed out that the signing of this executive order is regarded as a crucial step by the Trump administration in opening the door to the private equity market and providing substantial policy support for the development of the cryptocurrency market. This move is of great significance not only for the crypto market but also lays the groundwork for future bull markets. The BiyaPay platform supports the trading of over 200 cryptocurrencies such as BTC and ETH, with spot and contract order trading having zero fees, assisting users in reducing transaction costs.