Trump's new policies have a tremendous impact on cryptocurrency, summarized as follows:

1. Brings a massive influx of funds, promoting market mainstreaming

If the policy is implemented, even if only a small portion of the funds from the U.S. 401(k) retirement plans flows into cryptocurrency, it would be astronomical. The article mentions that even 1% of the funds could bring an investment of $87 billion. This amount of money is enough to lead to a strong surge in the cryptocurrency market, especially for Bitcoin and Ethereum, completely moving cryptocurrency from a "niche investment" into the mainstream financial market.

2. Becomes a legitimate asset, enhancing recognition

Once cryptocurrency is allowed into retirement accounts, it is no longer a marginalized investment but a "legitimate" investment option on par with traditional assets like stocks, bonds, and real estate. This will fundamentally change people's perception of cryptocurrencies, increasing their recognition in society and the financial system.

3. Attracts more traditional financial institutions to enter

To cater to this massive market, more traditional financial institutions (such as pension management companies and asset management firms) will begin to study and offer cryptocurrency investment products. This will enhance the cryptocurrency financial infrastructure and bring more expertise and resources to the cryptocurrency market.

In short, this policy will not only bring tremendous cash flow to the cryptocurrency market but, more importantly, it will open the doors of the mainstream financial world to cryptocurrency, granting it unprecedented legitimacy and recognition.

The bull market begins.