Viewpoint: With only 2% allocation of Bitcoin and Ethereum, 401 (k) can achieve 1.5 times the cumulative ETF inflow to date

BlockBeats News: On August 8th, Jake Ostrovskis, an off exchange trader at Wintermute, stated that the impact of Trump's executive order allowing 401 (k) pension funds to invest in cryptocurrency cannot be underestimated. Just comparing the 2% allocation of Bitcoin and Ethereum is equivalent to 1.5 times the cumulative ETF inflow so far, while a 3% allocation will more than double the overall market inflow. The key is that most of these buyers are not price sensitive and focus on meeting configuration benchmarks rather than engaging in tactical transactions. (CoinDesk)