I think this letter is quite important, as it basically indicates that there is a bipartisan consensus on using 401(k) to invest in alternative assets (including $BTC and $ETH). Therefore, it is highly likely that this will not change due to shifts in political parties. This also shows that both parties are promoting the compliance and purchasing scenarios of cryptocurrencies.

Once pension funds can truly enter the compliant cryptocurrency space, it would essentially mean a targeted influx of capital into BTC and ETH. More importantly, the funding characteristics of pension funds tend to favor long-term holding.

The total scale of 401(k) in the United States is approximately $9.5 to $11 trillion. Even if only 1% is allocated to BTC, that would be in the hundreds of billions.

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