The US is opening the door for retirement savers to invest in Bitcoin through 401(k) plans, potentially channeling billions into the market. With $12.5 trillion in 401(k) accounts, even a 3% allocation could bring $240 billion into crypto, including $144 billion into Bitcoin alone, impacting its market.

Centralized exchanges are experiencing a squeeze on Bitcoin reserves, with only about 2.5 million available, the lowest in seven years, totaling $300 billion at current prices. As demand for retirement-plan products like the iShares Bitcoin Trust grows, issuers will need to secure the underlying coins to cover new investments, amid competition from corporate treasury buying.

Read more at Yahoo Finance: Trump’s Bitcoin retirement order sets stage for billions in demand at seven-year low supply