President Donald Trump is looking to open the U.S. retirement market to cryptocurrency investments, gold, and private equity, Antoine Gara, Jamie John, and Stephanie Stacey of The Financial Times reports. Trump is expected to sign an executive order as early as this week to open 401k plans to alternative investments, three people briefed on the president’s plans told the Times. Publicly traded companies in the space include Bit Digital (BTBT), Bitfarms (BITF), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Riot Platforms (RIOT), Strategy (MSTR), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR:
- Trump Trade: House advances crypto regulation bills
- Crypto bills move forward after record-setting House vote, CNBC says
- Trump-backed crypto bills stalled in House, Politico reports
- Strategy (MSTR) Stock Lands a New Street-High Price Target
- Cantor Fitzgerald Eyes $4B Bitcoin Deal with Blockstream Founder Adam Back