Analyst: 1% allocation from US 401(k)s could boost BTC market cap by 7.4%

A one percent allocation to Bitcoin from U.S. 401(k) retirement plans could increase BTC's market capitalization by approximately 7.4%, according to an analysis. On-chain analyst The Data Nerd stated that a recent executive order signed by U.S. President Donald Trump is paving the way for 401(k) plans to invest in cryptocurrency, calling it a monumental moment for adoption. The analyst added that a one percent investment would represent an inflow of $168 billion into Bitcoin.