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Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs.
This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion worth of new capital while assuming a modest 1% portfolio allocation, André Dragosch, head of European research at crypto asset manager Bitwise, told Cointelegraph.
Corporate Bitcoin treasury…
