Picture of the author

BITStar2

07/19 04:57

Trump Expected to Open $9 Trillion Retirement Mark

Trump Expected to Open $9 Trillion Retirement Market to Crypto InvestmentsBnc-Jul-19-93.jpg

President Donald Trump plans to sign an executive order this week that would allow millions of Americans to invest their retirement savings in Bitcoin, gold, and private equity for the first time.

The move could transform how 70 million workers build wealth for retirement.

The Financial Times first reported that Trump will direct federal agencies to remove barriers preventing 401(k) plans from including cryptocurrencies and other alternative investments. Three sources familiar with the plans confirmed the executive order could be signed as early as this week.

The decision affects the massive U.S. retirement system. Americans currently hold $8.9 trillion in 401(k) plans across more than 715,000 workplace programs, according to the Investment Company Institute. Right now, most workers can only invest their retirement money in traditional stock and bond mutual funds.

#Claim1,200 USDT in the Monthly Creation Challenge#HTX 12th-Anniversary Carnival#BTC price hits a new high of $120,000! #Do you think Tanssi is promising? #Trump family backs TRON's US listing
44Share

All Comments0LatestHot

LatestHot
noContent

No records