#401(k)养老金加密货币投资# Looking back, pension investment has always been a sensitive topic. Now with Trump's new policy allowing 401(k) to invest in Crypto Assets, it reminds me of the late 90s internet bubble. Back then, there were also calls to invest pensions in emerging tech stocks, and the result was heavy losses after the bubble burst. History always seems remarkably similar.

I can understand the logic behind this new policy - if every American takes 1% from their 401(k) account to invest in Crypto Assets, there will be $120 billion entering the market. However, Peter Schiff's concerns are also valid; most Americans do not have enough savings to support their retirement, and risky investments in Crypto Assets could make the situation worse.

From a historical perspective, this kind of policy is often a signal at the later stage of a bull market. It reflects the mainstream's excessive optimism towards emerging assets while ignoring the risks. We should learn from past lessons and remain cautious. Pensions concern the future of countless households and should not become a tool for speculation. Perhaps we should reflect on why Americans have such a low savings rate instead of hoping for high-risk investments to fill the gap.