Ryan Rasmussen, head of research at Bitwise Invest, estimates that if 1% of the 401k funds eventually flow into the largest cryptocurrency, Bitcoin can see an additional $80 billion in demand.
As reported by U.Today, the U.S. Labor Bureau recently abandoned anti-cryptography guidance, a major obstacle for financial lenders who provide crypto at their retirement funds.
Without this additional scrutiny, it would have been much easier for cryptocurrencies to become part of the 401(k).
The retirement plant market is over $8 trillion in US mutual funds and manages the majority of its 401(k) assets.
According to Rasmussen, the recent reversal could be greater than Bitcoin Exchange Trade Funds (ETFs).
The $80 billion figure mentioned by analysts is twice the total flow of Bitcoin ETFs.
