United States President Donald Trump signed an executive order allowing Americans to add crypto and alternative assets to their retirement accounts, potentially impacting the $43.4 trillion in US retirement assets. Industry experts believe this move could reshape crypto markets and provide higher returns with lower volatility.

Bitwise CIO Matt Hougan sees a “slow, steady, consistent bid” from retirement contributions boosting crypto markets. Crypto Council for Innovation CEO Ji Hun Kim believes this decision affirms digital assets’ place in the US financial system, applauding clear policies to make the US the “crypto capital of the world.”

The executive order’s impact depends on execution, according to 0G Labs CEO Michael Heinrich. Details such as qualifying tokens, custody, and guardrails are crucial. Experts predict Bitcoin will be the main beneficiary initially, with altcoins benefiting in the medium term. Tezos co-founder Arthur Breitman sees potential pitfalls with illiquid private assets in retirement accounts.

Gold advocate Peter Schiff warns that allowing Americans to invest retirement savings in Bitcoin and other cryptos could worsen the existing retirement savings gap in the US. Schiff believes most Americans have saved too little for retirement, and this move could exacerbate the problem.

Read more at Cointelegraph: Trump’s 401(k) Crypto Order Sparks Mixed Reactions From Industry and Critics