According to @KobeissiLetter citing Gallup, only 14% of Americans currently own any cryptocurrency, while 21% are either intrigued or likely to buy in the future, underscoring low penetration but a sizable demand funnel (Source: Gallup via The Kobeissi Letter). This suggests traders should focus on distribution rails like retirement plans, as @KobeissiLetter highlights 401(k)s as the next piece of the adoption puzzle (Source: The Kobeissi Letter). Policy and product developments remain pivotal, with the U.S. Department of Labor cautioning fiduciaries about crypto in 401(k) plans in a 2022 compliance release and Fidelity announcing a Digital Assets Account to enable crypto exposure in 401(k)s in 2022, illustrating both regulatory headwinds and potential distribution pathways (Sources: U.S. Department of Labor, 2022; Fidelity Investments, 2022).