According to a report by Fidelity Investments, investors plan to allow investors to allocate a portion of their 401(k)s to Bitcoin later this year The Wall Street Journal.

Fidelity, which manages employee benefit programs for nearly 23,000 companies, is set to become the first major retirement plan provider to allow bitcoin exposure in retirement accounts. The company has $2.7 trillion in assets under management in its retirement savings arm alone.

“There is a need for a variety of products and investment solutions for our investors,” said Dave Gray, Fidelity’s head of workplace retirement offerings and platforms, according to the report. “We firmly believe that cryptocurrency will shape the way future generations think about investing in the short and long term.”



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