The 401 (k) market totaled $8.7 trillion in assets in the first quarter of 2025, according to the Investment Company Institute. “This move effectively opens access to Bitcoin and other cryptocurrencies for retirement investors,” said James Butterfill, head of research at CoinShares, another crypto asset manager.

The crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans.

Bitcoin price jumped to $116,000 following news that President Trump will sign an executive order allowing Bitcoin and crypto in 401(k) retirement accounts, potentially unlocking access to $12.5 trillion in retirement savings.