In a bold move, President Trump is reportedly directing regulators to clear any hurdles to investing in cryptocurrencies and other alternative assets in traditional retirement accounts. This comes after Bitcoin (BTC) rose above $120,000 in early trading on July 18, driven by news of the planned addition of crypto to retirement accounts.
Prior to this announcement, cryptocurrencies such as Bitcoin had been barred from 401(k) retirement accounts due to concerns over their volatility and risk. However, President Trump has enacted several pro-crypto policies since returning to the White House in January, and his re-election promise to make the US the “crypto capital of the planet” suggests that he is committed to expanding access to these assets.
Investors are now looking at the three-month performance of Bitcoin as a gauge for its potential future gains. With a 38.70% increase in the last 12 weeks, Bitcoin’s price has shown significant growth.
In contrast, two leading AI stocks, SoundHound and CoreWeave, have different business models and growth prospects. While both companies offer exposure to AI-driven innovation, their performance and fundamentals differ significantly. This article will compare the two stocks to help investors decide which one offers a better investment opportunity.
SoundHound has reported significant year-over-year growth in its revenues, driven by rising demand for voice automation in industries such as automotive and hospitality. However, profitability remains elusive due to high operating costs. Despite this, the company’s strong demand and growing market projections suggest that it is well-positioned for long-term growth.
CoreWeave, on the other hand, has outperformed even major tech stocks this year, driven by its strategic connection with Nvidia and strong backlog. The company’s revenue and adjusted EBITDA have surged significantly, suggesting robust growth momentum.
Both companies have strong fundamentals and strategic positioning in high-growth areas of the AI sector. However, investors may need to brace for near-term volatility due to the short-term price targets implying some downside. Nevertheless, the long-term growth story remains firmly intact for both stocks.
Source: https://www.tipranks.com/news/btc-eth-doge-trump-to-approve-crypto-investments-for-401k-retirement-accounts