 retirement plans. This significant development has sparked optimism among crypto traders, as it could potentially close the gap between the market cap of traditional pension funds and that of the top cryptocurrencies.){kind=link}
“When you start seeing a combination of cryptos with some of these traditional and alternative assets, that’s when we see even further growth.” – 03:27
John Motzel, Head of Americas at Kaiko, joins Remy Blaire at the New York Stock Exchange to discuss the recent surge in cryptocurrency prices, particularly in light of the news that former President Trump plans to sign an executive order allowing cryptocurrencies to be included in 401(k) retirement plans. This significant development has sparked optimism among crypto traders, as it could potentially close the gap between the market cap of traditional pension funds and that of the top cryptocurrencies.
John highlights that the total assets under management in retirement accounts are around $12 trillion, with approximately $8.5 trillion allocated to 401(k)s. He emphasizes that even a small percentage of this allocation to cryptocurrencies could create substantial tailwinds for the industry.
John also unpacks the performance of key assets like Bitcoin and gold, both of which have shown impressive gains year-to-date. Bitcoin has recently surpassed the $120,000 mark, while gold has reached new record highs. John discusses the correlation between Bitcoin and gold as stores of value and introduces an innovative product developed with 21Shares—a combined gold and Bitcoin index that could further drive interest in these assets.