This year has been nothing short of explosive for Bitcoin, which has seen its price soar, igniting excitement across the crypto market. Predictions suggest that this bullish trend may be only the beginning!

In an extraordinary turn of events, former President Donald Trump has signed an executive order that could revolutionize cryptocurrency investments by allowing Bitcoin, Ethereum, and other alternative assets to be included in 401(k) retirement accounts—a move affecting a staggering $12.2 trillion in assets.

Following Trump's signing, Bitcoin is on a bullish trajectory, inching toward $120,000 for the first time in over a month. Ethereum has also seen a remarkable 21% surge this week, reclaiming its rightful place above $4,000 per ether, the highest it's been since last December. Meanwhile, XRP continues its impressive run with a near 500% increase over the last year, rising 12% this week and pushing the overall crypto market to surpass $4 trillion.

Antony Agoshkov, cofounder of Marvel Capital, remarked, "This could mark a major milestone in integrating digital assets into mainstream finance, paving the way for widespread adoption by everyday Americans." The new order requires the Department of Labor to review existing regulations, a process that could take up to 180 days before any immediate effects are felt in the crypto market.

Katalin Tischhauser, head of research at Sygnum Bank, emphasized, "This executive order broadens investment choices, empowering investors with more options. The relatively small market cap of crypto means that fresh fund inflows could create significant price movements."

In a recent policy shift, the Department of Labor dismantled prior guidance that cautioned against including crypto in retirement accounts, heightening optimism around future institutional investments—especially given the colossal scale of the U.S. defined contribution market, which totals around $10 trillion.

Market strategist Joel Kruger noted that the executive order is part of a broader trend in Washington aimed at establishing clearer regulations for digital assets. While there's currently no restriction on adding crypto investments to retirement plans, experts expect this order to diversify investment options for Americans.

Matt Hougan from Bitwise articulated that this initiative does not assert that crypto must go into 401(k)s; rather, it’s about allowing individuals the freedom to make their investment choices.

The crypto community is buzzing with optimism following Trump's administration lifting various restrictions on cryptocurrency. This shift in sentiment may not have immediately impacted prices significantly, but once again, traders are closely watching this evolving narrative.

While Bitcoin and crypto enthusiasts remain hopeful for a continued bull market through 2025, voices of caution still abound. Some analysts foresee a potential market correction following anticipated peaks, cautioning that prices could dip between $90,000 to $100,000 after reaching highs of about $140,000 to $145,000.

In a related move, Trump also introduced an executive order combating political-based ‘debanking’, aiming to ensure fair financial access for all Americans without discrimination based on political or religious beliefs.