<p>尽管唐纳德·特朗普总统的政府对加密行业的支持已经相当明显，但特朗普最近签署了一项行政命令，允许 401(k) 账户投资于包括房地产、加密货币和私募股权在内的替代投资。这可能会为加密货币，特别是全球最大的加密货币 <strong>比特币</strong>（BTC 1.69%）提供显著的助力。比特币应该出现在你的 401(k) 中吗？让我们来看看。</p>
<h2>扩大投资者群体</h2>
<p>尽管比特币在过去十年的飞速上涨，但这一数字资产并不像高度流动的蓝筹股那样容易获得。这是由于多种原因，包括对加密货币的怀疑以及使主流金融机构和投资者持有加密货币变得困难的监管措施。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg0NTcvdHJ1bXAtb2ZmaWNpYWwtd2gtcGhvdG8tYnktam95Y2Utbi1ib2dob3NpYW4uanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg0NTcvdHJ1bXAtb2ZmaWNpYWwtd2gtcGhvdG8tYnktam95Y2Utbi1ib2dob3NpYW4uanBnJnc9NzAw"/></p>
<p>官方白宫照片，摄影：Joyce N. Boghosian。</p>
<p>显然，近年来这一情况发生了很大变化，尤其是在特朗普上任后。特朗普政府消除了许多阻碍金融行业与加密货币之间的监管壁垒，而这项最新的行政命令可能会为比特币和其他数字资产带来一波新的买家。</p>
<p>“这是一个巨大的资本池。我们看到的……是能够购买加密货币的渠道越来越宽广，越来越多的途径将人们带入这个生态系统，”<strong>Galaxy</strong> 首席执行官迈克尔·诺沃格拉茨在接受 CNBC 采访时表示。“当这变得司空见惯——当你可以在你已经在做生意的地方进行交易，无论是富达还是 T. Rowe Price，或者其他任何地方——你就会吸引更多的人进入这个生态系统。”</p>
<p>根据退休账户数字转移解决方案提供商 Capitalize 的分析，到 2023 年底，超过 7100 万美国人可以使用 401(k) 账户。根据投资公司协会的数据，到 2025 年第一季度，401(k) 计划持有的资产达到 8.7 万亿美元。</p>
<p>虽然一些 401(k) 计划已经可以投资于加密货币，但采用率仍然较低。政府问责办公室在去年年底的一份报告中表示，根据调查数据，加密货币的投资在 401(k) 市场中 “不到 1%”，无论是按计划、参与者还是资产计算。</p>
<h2>比特币应该出现在你的 401(k) 中吗？</h2>
<p>我确实认为在你的退休投资组合中持有一些比特币是有道理的。许多投资者现在将比特币及其 2100 万枚的有限数量视为一种数字黄金，因此是一种对冲通货膨胀和其他类型波动的方式。这是否真实还有待观察，但它获得如此广泛的接受本身就是一项成就。此外，随着更多的买家，包括机构投资者和可能的 401(k) 账户持有者被引入，比特币将受益。</p>
<p>尽管如此，我会提醒投资者不要在比特币或任何加密资产上投入过多资金。该行业至今只有大约 15 年的历史，我们仍然需要学习很多关于数字资产的知识。由于它们不产生现金流或收益，因此仍然很难对其进行估值，这意味着它们可能仍会继续波动。</p>
<p>去年，<strong>黑石</strong> 发布了一份报告，建议投资者可以在多资产投资组合中将最多 2% 的资本分配给比特币，这感觉是合适的。持有比特币的主要好处是它可能提供一种独特的多样化方式。然而，401(k) 投资者不需要承担过多风险，因为通过长期投资的复利效应提供了一种安全、可靠的财富积累方法。</p>

GBTC

<p>特朗普总统签署了一项行政命令，允许 401(k) 账户投资于替代资产，包括比特币等加密货币。这一举措可能会显著提高超过 7100 万拥有 401(k) 账户的美国人对比特币的可及性。尽管比特币被视为对抗通货膨胀的工具，但专家建议保持谨慎，建议将投资组合中约 2% 的资金分配给比特币，原因在于其波动性和加密市场尚处于初期阶段。比特币的多样化潜力使其成为退休投资组合的一个吸引人选择，但应避免过度风险</p>

<p>As if President Donald Trump's administration hasn't been supportive enough of the crypto sector, Trump recently signed an executive order that would let 401(k) accounts invest in alternative investments including real estate, cryptocurrencies, and private equity. This could prove to be a significant tailwind for crypto, particularly <strong>Bitcoin</strong>(BTC 1.69%), the world's largest cryptocurrency. Should Bitcoin be in your 401(k)? Let's take a look.</p>
<div class="lb-trans"><p>尽管唐纳德·特朗普总统的政府对加密行业的支持已经相当明显，但特朗普最近签署了一项行政命令，允许 401(k) 账户投资于包括房地产、加密货币和私募股权在内的替代投资。这可能会为加密货币，特别是全球最大的加密货币 <strong>比特币</strong>（BTC 1.69%）提供显著的助力。比特币应该出现在你的 401(k) 中吗？让我们来看看。</p>
</div><h2>Widening the pool of investors</h2>
<div class="lb-trans"><h2>扩大投资者群体</h2>
</div><p>Despite Bitcoin's meteoric rise during the past decade, the digital asset has not been as accessible as, say, a highly liquid blue-chip stock. That's due to a number of reasons ranging from skepticism about cryptocurrencies to regulations that made it difficult for mainstream financial institutions and investors to hold crypto.</p>
<div class="lb-trans"><p>尽管比特币在过去十年的飞速上涨，但这一数字资产并不像高度流动的蓝筹股那样容易获得。这是由于多种原因，包括对加密货币的怀疑以及使主流金融机构和投资者持有加密货币变得困难的监管措施。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg0NTcvdHJ1bXAtb2ZmaWNpYWwtd2gtcGhvdG8tYnktam95Y2Utbi1ib2dob3NpYW4uanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F828457%2Ftrump-official-wh-photo-by-joyce-n-boghosian.jpg&amp;op=resize&amp;w=700"/></p>
<p>Official White House Photo by Joyce N. Boghosian.</p>
<div class="lb-trans"><p>官方白宫照片，摄影：Joyce N. Boghosian。</p>
</div><p>Obviously, a lot of that has changed in recent years, and even more so since Trump took office. Trump's administration has removed many of the regulatory barriers standing between the financial industry and crypto, and this latest executive order could release a flurry of new buyers for Bitcoin and other digital assets.</p>
<div class="lb-trans"><p>显然，近年来这一情况发生了很大变化，尤其是在特朗普上任后。特朗普政府消除了许多阻碍金融行业与加密货币之间的监管壁垒，而这项最新的行政命令可能会为比特币和其他数字资产带来一波新的买家。</p>
</div><p>&#34;That's a monster pool of capital. What we're seeing ... [is] the aperture of being able to buy crypto being widened and widened, [and] more avenues bringing people into the tent,&#34; <strong>Galaxy</strong> Chief Executive Officer Michael Novogratz said during an interview on CNBC. &#34;When it becomes commonplace -- when you can do it at the place you've already been doing business with, if its Fidelity or T. Rowe Price or whoever it is -- you just pull more people into this ecosystem.&#34;</p>
<div class="lb-trans"><p>“这是一个巨大的资本池。我们看到的……是能够购买加密货币的渠道越来越宽广，越来越多的途径将人们带入这个生态系统，”<strong>Galaxy</strong> 首席执行官迈克尔·诺沃格拉茨在接受 CNBC 采访时表示。“当这变得司空见惯——当你可以在你已经在做生意的地方进行交易，无论是富达还是 T. Rowe Price，或者其他任何地方——你就会吸引更多的人进入这个生态系统。”</p>
</div><p>More than 71 million Americans had access to a 401(k) account at the end of 2023, according to an analysis by Capitalize, a provider of digital rollover solutions for retirement accounts. According to the Investment Company Institute, 401(k) plans held $8.7 trillion of assets at the end of the first quarter of 2025.</p>
<div class="lb-trans"><p>根据退休账户数字转移解决方案提供商 Capitalize 的分析，到 2023 年底，超过 7100 万美国人可以使用 401(k) 账户。根据投资公司协会的数据，到 2025 年第一季度，401(k) 计划持有的资产达到 8.7 万亿美元。</p>
</div><p>While some 401(k) plans can already invest in cryptocurrencies, adoption has been low. The Government Accountability Office in a report at the end of last year said that based on survey data, investments in crypto are &#34;less than 1 percent of the 401(k) market, whether measured by plans, participants, or assets.&#34;</p>
<div class="lb-trans"><p>虽然一些 401(k) 计划已经可以投资于加密货币，但采用率仍然较低。政府问责办公室在去年年底的一份报告中表示，根据调查数据，加密货币的投资在 401(k) 市场中 “不到 1%”，无论是按计划、参与者还是资产计算。</p>
</div><h2>Should Bitcoin be in your 401(k)?</h2>
<div class="lb-trans"><h2>比特币应该出现在你的 401(k) 中吗？</h2>
</div><p>I certainly think there is a case to be made for owning some Bitcoin in your retirement portfolio. Many investors now view Bitcoin and its finite amount of 21 million coins as a form of digital gold, and therefore a way to hedge inflation and other types of volatility. Whether it's true remains to be seen, but gaining as much widespread acceptance as it has is an accomplishment in its own right. Additionally, Bitcoin stands to benefit as a wider pool of buyers, both institutional and perhaps from 401(k) account holders, is introduced to the coin.</p>
<div class="lb-trans"><p>我确实认为在你的退休投资组合中持有一些比特币是有道理的。许多投资者现在将比特币及其 2100 万枚的有限数量视为一种数字黄金，因此是一种对冲通货膨胀和其他类型波动的方式。这是否真实还有待观察，但它获得如此广泛的接受本身就是一项成就。此外，随着更多的买家，包括机构投资者和可能的 401(k) 账户持有者被引入，比特币将受益。</p>
</div><p>That said, I would caution investors from investing too much of their account in Bitcoin or any crypto asset. The sector is still only about 15 years old and there is still a lot we need to learn about digital assets. They are still extremely difficult to value, given that they don't produce cash flow or earnings, meaning they still could continue to be volatile.</p>
<div class="lb-trans"><p>尽管如此，我会提醒投资者不要在比特币或任何加密资产上投入过多资金。该行业至今只有大约 15 年的历史，我们仍然需要学习很多关于数字资产的知识。由于它们不产生现金流或收益，因此仍然很难对其进行估值，这意味着它们可能仍会继续波动。</p>
</div><p>Last year, <strong>BlackRock</strong> issued a report suggesting that investors could allocate as much as 2% of their capital in a multi-asset portfolio to Bitcoin, which feels about right. The main benefit of owning Bitcoin is that it could potentially offer a unique form of diversification. However, 401(k) investors don't need to be taking on excessive risk, as the power of compounding through long-term investing provides a safe, proven method for accumulating wealth.</p>
<div class="lb-trans"><p>去年，<strong>黑石</strong> 发布了一份报告，建议投资者可以在多资产投资组合中将最多 2% 的资本分配给比特币，这感觉是合适的。持有比特币的主要好处是它可能提供一种独特的多样化方式。然而，401(k) 投资者不需要承担过多风险，因为通过长期投资的复利效应提供了一种安全、可靠的财富积累方法。</p>
</div>

Should Bitcoin Be in Your 401(k)? President Trump Is About to Make It a Possibility.

- 特朗普签署行政命令，允许 401(k) 账户投资加密货币等替代投资。  
- 目前 401(k) 计划持有 8.7 万亿美元资产，但加密投资占比不足 1%。  
- 投资者应谨慎配置比特币，建议不超过 2% 的投资组合。  

比特币是否应该纳入你的 401(k) 计划？特朗普总统即将使这一可能性成为现实