Right now, most Americans can’t put Bitcoin or crypto into their 401(k) retirement accounts (the money you save at work for when you’re old). The rules basically say “no”.Yesterday, important people in the US Congress sent a letter to the new boss of the SEC (the big government agency that makes rules for investments) saying:“Please change the rules quickly so workers CAN put some Bitcoin and crypto in their 401(k)s.”Why everyone is excited:There is more than $10 TRILLION dollars sitting in these 401(k) accounts.
If people are allowed to put even 1–2% of that money into Bitcoin, it means BILLIONS of new dollars buying crypto every year.
This money comes in slowly and steadily (not crazy pumps and dumps), so prices could become much more stable.
In short: Congress just told the government “Let normal people buy Bitcoin with their retirement money.” If it actually happens, it’s one of the biggest things ever for crypto.
BTC
90,138.65
-2.19%
