Potential Impact of Cryptocurrency on U.S. Retirement Accounts

According to PANews, Ryan Rasmussen, Director of Research at Bitwise, has highlighted the potential influence of cryptocurrency on U.S. retirement accounts. If digital assets were to comprise between 1% and 10% of the total assets in 401(k) retirement accounts, it could lead to an influx of funds ranging from $80 billion to $800 billion. Bitwise data reveals that as of the second quarter of 2024, the total assets in U.S. 401(k) plans are nearing $8 trillion.