Sanders and Warren co-wrote a letter urging the Labor Department to withdraw its proposal allowing 401K allocations in crypto assets.
The reason is that "this will hurt retiring workers."
My first reaction was: are these two really concerned about the common folks, or do they just want to prevent Trump's allies from cashing in?
Honestly, I've been thinking about this all night.
On one hand, retirement funds are definitely not meant for gambling. I've taken losses on contracts myself; I know how terrifying it is when things drop—losing 30% kept me up at night, and that was just my spare cash. Retirement funds can't be treated that way.
But on the other hand, why should we completely shut crypto assets out of 401K? In the past few years, traditional stock funds haven't exactly spared the elderly from losses either. The risk isn't exclusive to crypto.
Ultimately, this situation makes me want to talk more about
$TRUMP itself.
On the news front, a senator publicly stated that this plan "benefits Trump personally"—such statements put real pressure on the sentiment surrounding TRUMP coin. Today it's down 4.79%, with contract volume at 5.6 times that of spot, and the funding rate has dropped to -0.0145%.
Shorts are leveraging this situation.
My take is: in the short term, this position isn't great for going long. If the price stabilizes around $1.91 with volume, I might take a look, but right now with this negative funding rate and news pressure combo, I'm in no rush.
What do you ladies think, is this a real bearish signal or just a temporary dip before a bounce?
$TRUMP #加密货币 #401K #BTC
The market is always shifting; what holds true today may not apply tomorrow.