Crypto’s New Frontier: Executive Orders and 401(k) Integration

Crypto majors higher over the past week ever since the news broke last Wednesday night that Trump planned to sign an executive order allowing.

The part of 401ks.

Well, with the head start spanning decades, of course, the total assets under management and pension funds are worth significantly more than the market cap of the top 10 crypto tokens.

But the gap could greatly close moving forward.

And crypto traders are optimistic prices will also greatly benefit because of this move.

Well, joining me to weigh in here at the New York Stock Exchange this morning is John Mossel, head of America's Foro.

John, well, great to see you. for joining me.

Well, you're joining me today as we are welcoming Bullish today on its IPO day.

But first and foremost, let's talk about this executive order on 401ks.

How will this expand the market cap of crypto?

Well, it should have major tailwinds.

It's something I've been talking about since I've gotten into crypto.

When the DOJ gave guidance, it was pretty much a risky investment back in 2022.

I was very surprised and I thought that was had major.

Hindrance on the pricing action of Bitcoin as well as other cryptos.

As soon as 2025 they've lifted the, I forget the wording, but I think it was extreme caution they call it.

They lifted the extreme caution rating for crypto assets for 401ks that created some room for cryptos to enter 401ks and then finally the executive order was entered.

So if you think about the overall market cap of the Of retirement accounts, there's about 12 trillion and I think about 8.5 trillion are allocated directly to 401ks.

So if you take just a percentage of that, that's a major tailwind for the industry, and I actually was looking at one of the X feeds of one of your former guests.

Ryan Rasmussen from Bitwise and he actually spells it out perfectly.

So if anybody needs to learn more about what's going on here, I'll definitely go to his his X handle and take a look, but just a small percentage of allocation will create major tailwinds.

Yeah, and John, I know that you watch data closely, so I do want to get your take on two assets that have been performing very well here today, and that is Bitcoin and gold.

So in New York Morning Trade we're looking at crypto major Bitcoin back above that 120k level, and last week we saw gold hit new record highs, but here we are.

We're hovering right around 3400.

So tell me what's going on in terms of price action with those assets.

Well, I think there's some correlation to the idea of a store of value.

You that's still happening.

That's been a major talking point in the past for Bitcoin, whether it's a store value, and you're seeing correlated pricing price action between Bitcoin and gold as a result, we've actually developed with one of our partners 21 shares out of Europe, a bold combined a combined gold and Bitcoin index out of Europe. hopefully eventually we will come to the US, but it's a pretty interesting product because we definitely see unity beyond the between the assets.

And another component to this, I would think.

A broader mixture of cryptos and traditional asset classes, alternative asset classes will drive further tailwinds.

If you think about 401k makeups, they are, it's a broad division of assets.

So this new bill also introduces real estate, private equity, and other alternative assets.

When you start seeing a combination of cryptos with some of these traditional and alternative assets, that's when we see even further growth.

Yeah, I know you also do want to take a look at what's happening across crypto because here we are, we are looking at each back above the 4700 level and that is a considerable upswing considering where we were last time you were on the show.

So what's happening in crypto, not just with Bitcoin?

I think it still has to do a lot with these treasury companies.

The Treasury companies are stepping in. adding a lot of pressure on the buy side of these cryptos.

It's a great, great piece for the market.

So there's Salana is also benefiting from it.

I think it hit over 200 today.

So we're hitting all-time highs, and let's call them the big 3, Bitcoin, Sallana, and Ethereum, but I think another interesting story is I work for a global company.

And when Bitcoin hit an all-time high at 123,000, I started getting messages from my colleagues overseas like, was it really the all-time high or is that a soft dollar?

And when you start thinking about that, you start looking at the data.

I did a I shared a price percentage change in 2025.

You can see the difference if you look at the price of Bitcoin to other currencies.

It's more inflated for the US dollar because it's a weaker dollar right now.

But so does that quantify an all-time high?

Personally, my view is that it does because most assets are quoted in USD.

Even the stablecoins USTT and USDC are quoted against the United States dollar.

Yeah, so for the layperson out there who's watching and they're saying, what does this all mean for my investment?

Can you break it down?

Only good things in my opinion.

Uh, this is a long term place still.

There are some macroeconomic factors that can still come into play, but the news cycle has been great for the industry, whether it's 401k, another public listing of a crypto exchange today with bullish.

So there's still some very bullish indicators on the market.

A lot of my Colleagues in this space are putting out a number of pieces with price targets.

I'm not going to quantify a price target myself, but I've seen numbers in the range of 150 to 200 per Bitcoin by the end of 2025 into 2026.

But I think all the news, and no pun intended, is very bullish for the industry.

And finally, before I let you go, we have about 30 seconds here, so I do want to get your take on Catalysts you're watching for for the rest of 2025.

I'm still watching DC.

Um, there's still some market structure bills in place and guidance that happen, so when there as more guidance comes from DC, there'll be more freedom for companies that.

Onshore, a lot of offshore in the past couple of years.

I think more money will onshore and then that will drive more investment into the space.

So DC is still a catalyst for me.

OK, John, well, always great having you here.

Thank you so much for simplifying and breaking down some very complicated headlines.

Do my best.

Thank you.

Thank you.