🚀 Bitcoin Rockets Past $122K as Trump’s 401k Order Ignites Institutional Frenzy

Digital gold just got a presidential boost—and Wall Street's scrambling to catch up.

The dam breaks

Trump's surprise executive order allowing 401k plans to hold crypto sent shockwaves through traditional finance. Bitcoin didn't just break resistance—it vaporized it, punching through $122,000 like a hot knife through regulatory butter.

Retirement accounts gone wild

Suddenly every boomer's nest egg wants exposure. Pension funds are reportedly dusting off blockchain playbooks they mocked three years ago. 'Diversification' now means 2% BTC allocations—until next quarter's FOMO hits.

The new institutional playbook

Goldman's crypto desk reportedly fielded more calls in 24 hours than all last month. Meanwhile, BlackRock's 'conservative' BTC ETF now holds more coins than MicroStrategy. So much for 'digital tulips.'

Wall Street always adopts disruptive tech—right after finishing the paperwork to monetize it. This time, the rocketship left without them.

Trump’s executive order boosts bitcoin price

The week’s rally was attributed to Trump’s announcement, which could open millions of American retirement accounts to bitcoin exposure.

Augustine Fan, Head of Insights at SignalPlus, commented:

“Crypto [saw] a rebound in prices this week, led by headline statements from Trump ordered regulators to ‘look into’ the possibility of including crypto (and private equity) into 401k portfolios.”

The Labor Department has been tasked with exploring the inclusion of bitcoin and other alternative assets in retirement plans, potentially driving significant new demand.

Institutional & corporate inflows

Spot bitcoin exchange-traded funds have seen 13 consecutive trading days of inflows, with $253 million in net inflows this week alone, maintaining strong demand even as prices consolidate after last month’s all-time high.

Analysts highlighted that corporate bitcoin treasuries remain a critical driver of the current cycle.

Macroeconomic risks ahead

Despite the bullish momentum, upcoming U.S. macro data releases may influence the market.

The Consumer Price Index (CPI) and Producer Price Index (PPI) reports are due this week, with Federal Reserve Chair Jerome Powell recently suggesting that a September rate cut is less likely without further evidence of easing inflation.

According to the CME FedWatch Tool, there is currently an 88.4% probability of a 25 basis point rate decrease at the next Federal Open Market Committee meeting in September.