The expert spoke about the impact of Trump's decree on the cryptocurrency market

The signing of a decree by US President Donald Trump on expanding access to alternative assets, including cryptocurrencies, private equity and real estate, as part of defined contribution pension plans is an important step both in terms of market structure and from the psychological side. Jan Pinchuk, Deputy head of the WhiteBird Stock Trading department, told Izvestia on August 8.

"The admission of crypto assets to the 401(k) is in itself a positive step both from the point of view of the market structure and from the psychological side. Annual contributions to 401(k) are estimated at about $1 trillion, and assuming that about 1.5% of these funds will be directed to cryptocurrencies, this will generate about $15 billion in annual inflows — a significant source of structural demand," Pinchuk said.

According to the expert, from a psychological point of view, this increases the level of institutionalization of the industry and makes it more significant for the American economy.

In addition, as for the risks for pension funds, they are minimal at the moment. The expected share of cryptocurrencies in portfolios is likely to not exceed 2%, which should not significantly increase the overall risk. As Pinchuk noted, according to a number of studies, the share of cryptocurrencies in such portfolios will be no more than 2-5%, and, therefore, will not exert significant pressure on demand for other asset classes.

Trump is changing the world of cryptocurrency. What you need to know

The owner and CEO of GIS Mining, Vasily Girya, told Izvestia on July 14 about the reasons for the sharp rise in bitcoin prices. According to him, geopolitical instability and discussions around the US debt policy are forcing part of the capital to flow from government bonds to digital assets, including military-technical cooperation. Bitcoin is increasingly perceived as "digital gold," and the Russian mining segment is showing steady development.

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