Fidelity has made the big move of offering bitcoin in 401(k) plans, supposed to roll out sometime this year. As of 2020, Fidelity held about $2.4 trillion in 401(k) assets in (couldn't find a more recent number).
If 5% of this were rebalanced into bitcoin, that represents about a quarter of BTC's current market cap.
That's for sure an optimistic number, as not all plans will offer BTC, and not all investors will opt in. But consider how this will gain traction in other retirement plans across the market, and that we may soon have a sizable portion of the population making recurring BTC contributions to their plan.
Consider also the growing institutional adoption of BTC, and that it is at its lowest point in about 18 months.
To me, all this screams that BTC is getting ready to moon, and that it may start soon. So outside my crypto investments, I'm considering going more heavily into BTC-related stocks, including those keyed to BTC/BTC futures (BITO, GBTC), as well as mining companies (HIVE, SLNH, CLSK).
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