If Trump opens up cryptocurrency investments for the U.S. retirement market, it will have multiple impacts on the crypto market, as detailed below:

- Market demand and price increase: The US retirement market is vast, and if the 401k retirement plans open up to crypto assets, it will bring a large amount of potential funds to the crypto market. The influx of retirement savings will increase the demand for crypto assets, which may in turn drive up the prices of crypto assets. For example, after Trump announced in March 2025 that he intended to include Bitcoin and four other digital assets in the US crypto asset strategic reserves, Bitcoin rose over 11% and Ethereum increased by about 13%.
- Increased market confidence: This move indicates that the US government's recognition of Crypto Assets has improved, which will send positive signals to the market and boost investors' confidence in Crypto Assets. More investors may reduce their concerns due to the government's supportive stance and be willing to participate in the crypto market, promoting increased market trading activity.
- Industry development accelerates: With the influx of substantial funds and investors, the crypto assets industry will gain more resources, attract more talent and enterprises to participate, drive innovation and application development in encryption technology, accelerate the integration of crypto assets with the traditional financial system, and promote the improvement of related infrastructure, such as crypto asset trading platforms, wallet services, etc.
- Increased Regulatory Attention: Including crypto assets in retirement plan investment options will lead regulatory agencies to pay more attention to the stability of the crypto market and investor protection. Regulatory bodies may accelerate the formulation and improvement of relevant regulatory policies to mitigate market risks and ensure the safety of retirement savings, which will help the crypto market develop in a more compliant and orderly direction.
- Risk amplification: The crypto market is characterized by high volatility and high risk. If a large amount of retirement savings flows in, once the market experiences significant fluctuations, investors' retirement assets will face the risk of shrinkage, potentially leading to a series of social and economic issues, and even affecting the stability of financial markets. This amplification effect of risk will also prompt the market to pay more attention to the risk management of crypto assets.