It is rumored that the White House will have President Trump sign an executive order later on August 7th, allowing individuals to purchase Bitcoin and cryptocurrency in their 401 (k) retirement accounts. This is a huge progress for the cryptocurrency industry and should have been achieved a long time ago.
 
It is estimated that the total amount of funds in all retirement accounts in the United States is about $43 trillion, including approximately $9 trillion in 401 (k) accounts. By contrast, the entire cryptocurrency industry has a market value of less than $4 trillion, so this executive order will open up a massive pool of funds pouring into Bitcoin and cryptocurrency assets.