Bitwise Head Predicts $80B-$800B Crypto Inflows from US 401(k) Assets

PANews reported on August 7 that Ryan Rasmussen from Bitwise indicated a 1%-10% crypto allocation in 401(k) plans, holding nearly $8 trillion, could yield substantial inflows.

Summary

Bitwise research head Ryan Rasmussen stated, as reported by PANews on August 7, that if cryptocurrencies make up 1% to 10% of 401(k) retirement assets, where total assets reached nearly $8 trillion as of Q2 2024, potential inflows could range from $80 billion to $800 billion.

Terms & Concepts
  • 401(k): A US tax-deferred retirement savings plan allowing employees to allocate a portion of their salary.
  • Cryptocurrencies: Digital assets secured by cryptography, used as a medium of exchange and investment.