Despite a recent downturn in the market, analysts believe that the inclusion of digital assets in US 401(k) retirement plans could lead to significant new inflows into Bitcoin, potentially pushing its price above $200,000 by the end of 2025. André Dragosch, from the crypto asset manager Bitwise, stated that if just 1% of the $12.2 trillion in 401(k) plans is allocated to Bitcoin, this could translate to an influx of $122 billion. President Trump's executive order on Aug. 7 allowed Americans access to digital assets in these retirement plans, which Dragosch claims may have a more pronounced impact on Bitcoin's price than the prior approval of Bitcoin ETFs. In related news, a significant wallet was linked to a $21 million extraction scheme involving Kanye West’s YZY token, and Chamath Palihapitiya, a prominent Bitcoin investor, filed to raise $250 million for a SPAC focused on DeFi and blockchain integration, indicating ongoing enthusiasm and financial activity in the crypto space.

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