Bitcoin Hits $120K After Reports Trump to Approve Crypto for Pension Investments

Trump Eyes Crypto Access in Retirement Plans as Bitcoin Tops $120K

U.S. President Donald Trump is expected to sign an executive order that would allow 401(k) retirement accounts to invest in alternative assets, including cryptocurrencies, gold, and private equity, according to the Financial Times.

The order could be finalized as early as this week and would instruct regulators to eliminate existing barriers that limit asset diversification within retirement plans.

Markets responded swiftly to the news. Bitcoin climbed 1.7% in the past 24 hours to trade above $120,000, while XRP rallied to a new all-time high, surpassing its 2018 peak.

The proposed changes would mark a major shift in U.S. retirement policy, opening the door for crypto allocations in long-term investment vehicles and signaling growing institutional alignment with digital assets.