In early August, President Donald Trump signed a new executive order to allow alternative assets such as cryptocurrencies into 401 (k)s and other defined contribution plans. By the end of 2025, Bitcoin (CRYPTO: BTC) could be on its way to becoming a mainstream retirement asset.

Bitcoin hit a fresh record high close to $124,500 early on Thursday as the institutional adoption of crypto and U.S. government support for the sector continued to buoy demand. Bitcoin fell back a bit later in the day but remains up 112% over the past 12 months,

Global stocks, Bitcoin, oil, and precious metals all climbed on Thursday as traders braced for the high-stakes Friday summit between Trump and Putin.

President Donald Trump said on Thursday he believes Russian President Vladimir Putin will make a deal about his war on Ukraine, and that the threat of sanctions against Russia likely played a role in Moscow's decision to seek a meeting.