US President Donald Trump may sign an executive order allowing 401(k) retirement plans to invest in cryptocurrencies and other alternative assets. The order could be signed this week and would explore options like digital assets and metals. Trump’s spokesperson emphasized that no decisions are official until confirmed by Trump himself.

Bitcoin has outperformed the Nasdaq in annual returns for five of the last six years. The US Labor Department rescinded guidance limiting cryptocurrency in 401(k) plans under the Biden administration. Financial services company Fidelity introduced a retirement account allowing Americans to invest in crypto.

Standard 401(k) plans typically focus on stocks and bonds, with $8.9 trillion in assets held in more than 715,000 plans. North Carolina lawmakers introduced bills to allocate up to 5% of state retirement funds into crypto like Bitcoin. Other countries, like the UK and Japan, are also considering crypto investments in retirement plans.

Read more at Cointelegraph: Trump Reportedly Weighs 401 (k) Investment Shift to Include Crypto