President Donald Trump took the first step to open the trillion dollar system of private pension in the USA for risky facilities in digital currencies and real estate. So far, this has been prevented from the prospect of complaints from investors in the event of losses. Trump’s advance by presidential decree could make the pension of more than 90 million Americans more lucrative – but they also suspend strong fluctuations.
In the US system, which is known under the designation 401 (K), employees can usually create part of their gross income through employers as a pension for their retirement. Employers or other investment managers are responsible for ensuring that the investments are made in the best interest of the savers and prudent.
You have to expect complaints at high losses. Therefore, the money has so far been flowing into government bonds or stock market index funds that are considered reliable. They throw off a stable return – but do not offer the prospect of very large increases in value.
A treasure of $ 12.5 trillion
Financial investors and providers of digital currencies such as Bitcoin had long made an eye on the retirement provisions. The Bloomberg financial service reported around $ 12.5 trillion (around 10.7 trillion euros) in the 401 (K) accounts.
Trump instructed the Ministry of Labor and other authorities to put the guidelines for the responsibility of the plants to the test and to revise for the inclusion of alternative investment options. Digital currencies are often exposed to strong fluctuations. Trump, whose family himself is in the business with digital tokens, was already committed to bringing them into everyday financial life in the election campaign.
