Below is a letter that was sent by lawmakers to the SEC this week. It asks the SEC to begin opening up 401(K) plans to crypto "swiftly." This opens ~$10 TRILLION worth of capital, which is 2.5 TIMES the current market cap of crypto.

On August 7th, Trump signed the below Executive Order. This called for the "democratization of access to alternative assets," also known as crypto. Prior to this, 401(K)s could only buy crypto ETFs and some stocks. Now, Congress is calling for the SEC to implement the Order.

Take a look at the current TOTAL market cap of crypto. At a record ~$4.1 trillion, this is still $6 trillion LESS than the total amount of assets in 401(K) plans. Even if just 2% of 401(K) assets went into crypto, this would spur a major bull market. Bitcoin could hit $200K.

Here's what's even more shocking: The average professional fund manager allocation toward crypto is 0.3% of AUM. This is referring to PROFESSIONAL investors who are generally more educated on crypto than others. Mainstream crypto adoption is even lower right now.

Many institutional investors were actually SHORT crypto into this recent bull market. Heading into July, net leverage shorts on Ethereum hit a record high, per Zerohedge. In fact, net short exposure was ~25% ABOVE levels seen in February 2025. That has rapidly changed.

Also, take a look at this recently conducted Gallup poll. Currently, just 14% of adults in the US own Bitcoin or any other crypto currency. The reality is less than 5% of Americans even have any material exposure to crypto at all. This Executive Order will change that.

Heading into 2025, the number of US millionaire 401(K) accounts surged. The number of 401(K) accounts with a balance of $1+ million jumped to a record 544,000 in Q3 2024. This was up from 349,000 in 2023 and is likely nearing 600,000+ now. These accounts may soon buy crypto.

On top of this, the Fed is adding fuel to the fire. September marked the first Fed interest rate cut with Core PCE inflation at 2.9%+ in 30+ years. The labor market is simply too weak, even as inflation has risen. Bitcoin and gold have known this for months now.

As we look ahead, we believe the themes driving crypto higher will result in major macroeconomic shifts. This is redefining the way markets are moving. Want to see how we are capitalizing on it? Subscribe to access our premium analysis below: http://thekobeissiletter.com/s...

Lastly, as the US Dollar falls, crypto and gold are gaining. The USD is having one of its worst years in history, with Bitcoin up 30 percentage points MORE YTD. Investors are hedging against inflation. Follow us @KobeissiLetter for real time analysis as this develops.

@KobeissiLetter "75% of investors have ZERO exposure to crypto" not because 401(K)s weren't allowed to buy it. It's because normal people don't need crypto for anything.

@KobeissiLetter Bank of America’s Sept survey shows ~67–84% of fund managers still have zero structural crypto allocation; meanwhile, nine lawmakers just urged the SEC to implement Trump’s Aug. 7 order opening the $9.3T 401(k) market to Bitcoin—potentially a massive new demand channel.

@KobeissiLetter That's quite a leap. It's more likely that most of those 75% of investors who don't invest in crypto have already decided to avoid that highly-speculative investment in the first place.

@KobeissiLetter Most still see crypto as speculation. But step back: 401(k) access = $10T system meets $4T asset class. Even a 2% allocation is $200B+ inflows. That’s not hype. that’s structural. in quantum mechanics, particles don’t just exist in one state — they exist in superposition until

@KobeissiLetter The $10T 401(k) addressable market with 75% zero crypto exposure is a clear exhibit of massive institutional demand constrained by regulatory infrastructure, creating unprecedented capital inflow potential when the compliance structure enables fiduciary-grade crypto allocation

@KobeissiLetter 9.3 trillion 401(k) market with 90 million Americans getting crypto access is the biggest liquidity injection since ETF approvals. Even 1% allocation drives $93 billion inflows that’s 50% more than all spot Bitcoin ETFs combined since January 2024. This isn’t retail FOMO, this

@KobeissiLetter When regulation finally sets the guardrails, capital flows in almost overnight. The question isn’t why they’re out, but how soon they’ll get in.

@KobeissiLetter Key takeaway lies in structural dynamics. 🔍 Regulatory green lights alone may not ensure flows from day one - operational readiness, tooling, governance, and risk frameworks could ultimately shape institutional adoption trajectories and pace.

@KobeissiLetter Adoption rates surging while exchange supply is down -30% YoY. We are not ready. https://x.com/LuxAlgo/status/1...

@KobeissiLetter 75% of investors have zero crypto exposure. If 401(k)s open the door, adoption won’t be gradual it will be tidal. The real bull market begins when pensions buy Bitcoin.

@KobeissiLetter Opening 401(k) flows to crypto could be the single biggest structural shift in this asset class. Even 1–2% allocation = hundreds of billions in demand. The market is not pricing this yet.

@KobeissiLetter Lol that’s a bunch of bullshit noise. Why don’t you mention that the bill also includes GOLD?

@KobeissiLetter $MSTR at discounted prices right now, could be a way to get bitcoin exposure at a discount

@KobeissiLetter If so then why almost the whole Cryptocurrencies are sold off the last 3 days ?

@KobeissiLetter Every Ponzi scheme needs fresh blood or else it quickly dies. Of course the infected will always want to see fresh innocents slaughtered on their altar.

@KobeissiLetter Let me guess – they'll discover crypto just in time to buy the top.

@KobeissiLetter Insanity. They are going to try and pump it by putting this crap in retirement plans. When the rug pull comes the govt will be forced to print $trillions to bail out the system. The dollar will plummet.

@KobeissiLetter So that all big money owners of crypto can slowly dump their crypto holdings to 401k managers, right? Then when the dump and end of support is over, it all crashes with no bottom bc by then 401ks will also be dumping.

@KobeissiLetter You’re wrong. Crypto is saturated with everyone who has an appetite for tulips

@KobeissiLetter climbing fast though, btc etfs are almost as big as the gold ones, just 1 year after creation

@KobeissiLetter The Q4-Bull narrative is getting more and more basis in terms of possibility..🤣🏴‍☠️💫

@KobeissiLetter Wonder if those 75% are staying away by choice or because of regulatory uncertainty? That's the real question.

@Alan_White_ Regulatory uncertainty will continue to rapidly decline.

@KobeissiLetter What's next after Trump's idea bankrupts the nation?!?! Escape from New York lifestyle👍

@KobeissiLetter What if I told you the real bull market hasn’t even started?