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Forbes
4 days ago
- Business
- Forbes
Trump 401(k) Executive Order 'A Major Step Toward Mainstream Adoption'
The executive order President Donald Trump signed on Thursday, August 7, which will allow investors to use their 401(k) accounts to purchase cryptocurrencies, represented 'a major step toward mainstream adoption" of such assets, according to analyst Joe DiPasquale. The move will achieve this progress by giving 'millions of Americans potential access to digital assets through familiar retirement vehicles,' DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated via email. Tim Enneking, managing partner of Psalion, also emphasized the significance of the executive decision. 'Trump's addition of crypto, real estate and PE could be massive for all three sectors, but is almost certain to be so for digital assets,' he stated through emailed commentary. 'This is true not only because of the massive pool of retirement capital in the US which will now be able to invest in crypto, but also because of the further legitimization of crypto as an asset class.' 'On the other hand, the executive order directed the SEC, IRS and other agencies to change their rules to accommodate this new approach, which will take time. Further, retirement money is inherently conservative, so I wouldn't expect an explosion of 401(k) funds into digital assets,' he emphasized. 'However, over time, the effect will be absolutely huge, almost certainly making the current $4T total market cap of the sector pale in comparison to what's coming!' Enneking concluded. DiPasquale also spoke to the potential time lag, stating that 'While uptake may start slowly due to plan provider caution and fiduciary concerns, over time it could channel significant long-term capital into the space — particularly if Bitcoin and Ethereum are included alongside traditional alternatives like gold.' 'This structural demand could help dampen volatility and broaden the investor base beyond the current retail and institutional mix,' he noted. Brian Huang, cofounder of fintech firm Glider, also weighed in, emphasizing how this executive order could potentially affect all digital assets. 'This executive order sets the precedent for any digital asset in a 401(k). We're not just talking about cryptocurrencies; we're talking about on-chain stocks, RWAs, and tokenized private equity," he stated via email. 'If you think this is just about holding BTC in your 401(k), you're missing the bigger picture. Tokenizing assets is the future that unlocks direct ownership of assets and removes middlemen,' Huang noted. 'One day, the majority of assets in 401(k)s will be on-chain,' he predicted. Tom Bruni, editor-in-chief & VP of community at Stocktwits, also emphasized the impact that this key development will have. 'Trump's latest executive order will add fuel to retail's growing adoption of cryptocurrencies as part of their investment portfolios,' he noted. 'This move will open up trillions more in capital to the crypto market, both directly and indirectly, and offer 'stickier' capital flows as most investors tend to take a long-term, dollar-cost-averaging approach to investing via their employer-sponsored retirement accounts,' Bruni added. 'Total retirement assets at the end of Q1 2025 totaled $43.4 trillion, of which $12.2 trillion (28% of the total) is held in defined contribution plans like 401(k)s and 403(b)s,' he stated, citing figures provided by the Investment Company Institute. 'For context, that's roughly ¾ of the size of the US individual retirement account market, which is $16.8 trillion in assets and has already largely been opened up to cryptocurrency investments. With that said, certain providers of these accounts still limit crypto exposure, even through ETFs and other traditional vehicles,' noted Bruni. 'This executive order, which further expands access to crypto through other retirement plans, will likely pressure the remaining holdouts to begin allowing investors to access crypto through their accounts, or they'll risk losing market share,' he predicted.
Forbes
02-08-2025
- Business
- Forbes
Ether Prices Fall Below $3,500 After Market Shows Signs Of Exhaustion
Ether prices declined below $3,500 on Friday, August 1, reaching their lowest in roughly two weeks as the recent market rally showed signs of exhaustion. The world's second-most valuable digital currency by total market value dropped to approximately $3,475.00 around 7 p.m. EST, according to Coinbase figures from TradingView. At this point, it was down more than 10% after rising to approximately $3,940.00 on Monday, July 28. It was also trading at its lowest point in roughly two weeks, additional Coinbase figures from TradingView reveal. The digital asset suffered this retracement after rising more than 60% in value, climbing from less than $2,400 earlier in July. Ether has not been alone in displaying these patterns, as bitcoin climbed above $120,000 last month but suffered a retracement more recently. Analysts Weigh In Several analysts spoke to these recent price movements, offering some insight on why ether declined over the last several days. 'Ether's pullback below $3,500 looks like a combination of profit-taking after the recent run-up and a broader cooling in risk appetite,' Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated via email. 'Traders had been front-running ETH ETF inflows, but with no major new catalysts this week and equities also pulling back, it's not surprising to see some retracement,' he added. 'Short-term positioning and macro uncertainty are keeping investors cautious here.' Douro Labs CEO Mike Cahill also spoke to a shift in the markets, stating that they may have become overly warm as of late. 'ETH's pullback looks like a combination of overheated perp markets cooling off and some rotation into Bitcoin as dominance spikes post-ETF momentum,' he said through email. 'Funding rates were elevated earlier this week, and as that leverage unwinds, you tend to see sharp moves down.' However, he noted that there is plenty of reason to be bullish about ether's future prospects. 'But structurally, the bid for Ethereum hasn't gone anywhere—especially with renewed interest in staking, L2 activity, and institutional experimentation with tokenized assets. If anything, these dips tend to be opportunities rather than signals of a larger breakdown.' Tom Bruni, editor-in-chief & VP of community at Stocktwits, also offered his views on the matter via emailed commentary. 'Ethereum's drop below $3,500 isn't happening in isolation. It's part of a broader momentum shift in risk assets,' he stated. 'We're entering a seasonally weak stretch for markets, and after ETH rallied off April's lows, expectations were running high for all risk assets. But over the last two weeks, even 'good news' hasn't been enough to push prices higher,' Bruni continued. 'With signs of a weakening labor market, no immediate crypto legislation, and the Fed holding rates steady, traders are using this as a reason to de-risk. That pressure will likely persist through August and September,' he stated. Tim Enneking, managing partner of Psalion, also spoke to maco uncertainty and its potential impact on ether prices. 'Ether had almost doubled in value in five weeks (from $2,117 on June 22 to $3,942 on July 27) without a major retracement,' he noted. 'It was only a matter of time before one occurred, and the poor job numbers from July, combined with another round of Trump tariffs, both caused equities markets to drop significantly and kicked off the inevitable ETH retracement," said Enneking. 'Continuing in this light, July 27 was ETH's first serious run at its Dec 2024 ATH (of around $4,100, depending on the exchange), and that attempt was rejected, so markets are now consolidating for another run at it in a few weeks,' he added. In spite of the recent pullback, ether, and digital currencies in general, are benefiting from some strong bullish factors, claimed Enneking. As a result, the world's second-largest digital currency could reach a fresh, all-time high in the coming months, he stated. 'There are massive tailwinds behind ETH and digital assets these days, and not just US regulatory trends: Ethereum blockchain improvements, adoption spreading widely, institutions entering the space, ease-of-use enhancements across the board (with, admittedly, a long way to go), etc.,' said Enneking. 'In other words, this drop is clearing out leverage, firming up support above $3k and laying the groundwork for a new ATH, probably later this quarter," he concluded.
Forbes
29-07-2025
- Business
- Forbes
Bitcoin Analysts Highlight Key Factors To Watch As July Winds Down
Bitcoin traders have several important developments to watch as July comes to a close. Bitcoin analysts singled out crucial developments that market observers should monitor as July, which has been a big month for the crypto industry, comes to a close. This month coincided with many important regulatory developments, including legislative progress where the U.S. House of Representatives approved three separate bills involving digital currencies and President Donald Trump signed one of them, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), into law. The world's most prominent digital currency reached an all-time high of more than $122,000 roughly halfway through July, and has been trading primarily between $115,000 and $120,000 since then, according to Coinbase data from TradingView. The cryptocurrency has been consolidating recently, a development that multiple experts highlighted in their commentary. 'Bitcoin remains in a consolidation phase just below $120K, with traders watching for a breakout above resistance or a pullback to support near $114K,' Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated via email. 'Key catalysts include ongoing ETF inflows, rising corporate treasury allocations, and pending regulatory developments like the CLARITY Act. As we close out the month, macro liquidity trends and further signals from U.S. policymakers could dictate short-term momentum,' he added. Tom Bruni, editor-in-chief & VP of community at Stocktwits, also weighed in on this matter, stating via email that bitcoin has been 'Consolidating tightly between $115,500 and $120,500 over the past two weeks. Given the broader trend is to the upside, bulls expect this consolidation to resolve higher and target roughly $140,000." 'If this consolidation resolves lower by closing below $115,500, that would suggest the short-term momentum in Bitcoin has been lost and that a retest of the $105 to $110,000 range is likely,' he added. 'All eyes are on the FOMC meeting on Wednesday and the remainder of the 'Magnificent Seven' earnings on Wednesday and Thursday to set the tone for the market through August and into September,' Bruni concluded. Doug Colkitt, a founding contributor at Fogo, took a different tack, focusing on how vulnerable the markets are to notable movements either upward or downward. 'The market's at an inflection point. Volatility is compressing, leverage is building, and the order books are getting thinner across major venues,' he stated. 'That's a classic setup for a sharp move in either direction,' Colkitt continued. 'From a structure standpoint, keep an eye on open interest across perp markets and funding rates. If those flip hard, we could be looking at a classic liquidation cascade,' he added. 'But if spot ETF demand holds steady, any dip might get aggressively bought,' Colkitt noted. When looking at key developments toward the end of this month, policy updates will be crucial, noted the YouTuber who goes by Wendy O. 'As of right now, Bitcoin is currently having a little pullback which means number is going down but this past Sunday we had the highest Bitcoin weekly close ever at around $119,000,' she stated. 'We also are expected to get some updates regarding the White House's Crypto policy on July 30 along with a decision from the Fed regarding rates, which could cause some upward price action as this may be interpreted by the market as positive fundamentals,' the analyst added. Douro Labs CEO Mike Cahill also offered this perspective, indicating that 'As we wrap up the month, institutional flows are going to be a key signal to watch.' 'Bitcoin is increasingly trading like a macro asset, so investors should pay close attention to real-world rate expectations, ETF inflows, and post-earnings positioning in risk markets,' he emphasized. 'The bigger picture here is that Bitcoin has officially become part of the traditional portfolio allocation conversation. As more institutions look to balance exposure between cash, equities, and digital assets, Bitcoin's price will respond accordingly,' Cahill predicted.
Forbes
02-07-2025
- Business
- Forbes
Bitcoin Approaches $110,000 As Stronger Sentiment Fuels Risk-Off Bets
Bitcoin prices rallied on July 2. Bitcoin prices climbed on Wednesday, July 2, pushing the digital currency to its highest value in roughly three weeks as the innovative asset seemingly benefited from varying bullish developments and their corresponding impact on market sentiment. The world's most prominent cryptocurrency surpassed $109,800 close to 1:30 p.m. EST, according to Coinbase data from TradingView. At this point, it was up roughly 4.5% for the day, after falling to almost $105,000 earlier. Doug Colkitt, a founding contributor at Fogo, spoke to these developments, highlighting many variables he credited for fueling bitcoin's gains. 'We're seeing the market digest recent geopolitical and regulatory headlines, and Bitcoin, as always, is the first to benefit when sentiment improves. Combine that with growing confidence around the Fed's trajectory and consistent ETF demand, and you get the kind of breakout price action we saw today,' he said. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, also weighed in, citing numerous developments for placing upward pressure on bitcoin prices. 'The recent run-up is being driven by a combination of renewed ETF inflows, easing macro jitters, and traders chasing momentum after Bitcoin reclaimed key levels,' he stated. 'You're also seeing broader risk assets perk up as rate cut hopes come back into focus,' DiPasquale added. Mike Cahill, CEO of Douro Labs, also offered his perspective, emphasizing how improving conditions are impacting investor behavior. 'Bitcoin's bounce today reflects a broader rotation back into risk assets following a week of macro uncertainty,' he stated. 'With ETF inflows steady and regulatory signals trending positive, investors are re-risking into a digital asset with real institutional momentum.' Major Fund Milestones Several analysts emphasized that major developments that have materialized lately in crypto related funds when pointing out bullish factors impacting bitcoin. Earlier in the week, the U.S. Securities and Exchange Commission gave investment manager Grayscale a green light to convert its Digital Large Cap Fund into an exchange-traded fund (ETF). This fund will use the CoinDesk 5 index, which emphasizes bitcoin's dominant position in the overall cryptocurrency market, as its benchmark. Tom Bruni, editor-in-chief & VP of community at Stocktwits, said this as 'was a meaningful milestone this week because it's the only crypto index approved for a major U.S. stock exchange so far, and it likely signals a wave of additional filings from other providers ahead.' 'Additionally, this ruling effectively greenlights spot ETFs for Ripple, Solana, Cardano, and others in the process,' he added. The YouTuber who goes by Wendy O also noted the launch of the REX-Osprey™ Solana + Staking ETF, the first such fund in the U.S. to grant investors exposure to staking rewards, emphasizing that it generated millions of dollars' worth of trading volume in its first 20 minutes. In addition, she highlighted the SEC's recent decision to approve the Grayscale fund conversion. 'Just this solidifies the market is excited about the progress of crypto under this new administration and it also being the beginning of Q3 2025,' she stated.
Forbes
19-06-2025
- Business
- Forbes
Bitcoin Has Developed Very Strong Support At $100,000, Says Analyst
Bitcoin prices, which have been trading in a relatively narrow range over the last few days, have put in some very robust support near $100,000, according to analyst Tim Enneking. 'By far the most important aspect of Bitcoin's price movement over the past several weeks is that $100k has held. This has rather rapidly shifted that level from strong resistance to even stronger support," said Enneking, managing partner of Psalion, via email. 'While $100k appears to be a strong bottom, $110k is now the resistance level. I think it is stronger – and more relevant – than the current ATH at $112k,' he claimed. 'Once those levels fall – and they almost certainly will shortly – BTC will be off to the races, establishing another ATH well above the current one," said Enneking. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, also weighed in, pinpointing a slightly higher price as the resistance level to beat. 'With Bitcoin around $105K, traders are watching $112K as the next key resistance—it's both a Fibonacci extension level and a psychological target,' he stated through email. 'If that breaks, $120K could come into play quickly,' added DiPasquale. In terms of support, he identified several important levels. 'On the downside, $100K is now short-term support. A break below that might see BTC test $95K, with stronger support around $90K," the analyst stated. 'Overall, it's still a bullish structure, but the closer we get to all-time highs, the more likely we see volatility and profit-taking," he added. The TikTok influencer who goes by Wendy O also weighed in, offering her perspective through emailed commentary. She provided technical analysis and also commented on key developments that have been driving price movements. "Right now, Bitcoin is consolidating between key support at $102,000 and all time high $111,000. Generally, when we see these sideways patterns, we can anticipate a volatile move up or down," the influencer said. 'We do have a temporary break of support due to the news of Trump and Musks falling out which breaks the trend as it was a mini Black Swan event,' she stated. "I think because of the geopolitical uncertainty with the economy, interest rates decision (to lower or keep the same), conflict I think it's safe to follow the news to determine whats next for Bitcoin as any announcement in the news can cause extreme volatility."
