Bitcoin in 401(k) becomes reality for more, despite warnings

Bitcoin in 401(k) becomes reality for more, despite warnings

2 years ago
Anonymous $xqL1ZTchGQ

https://apnews.com/5e2c7316cc9426c43f48b6c5946c4d1a

NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream.

Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to 20%, all from the account’s main menu of investment options. Fidelity said it’s the first in the industry to allow such investments without having to go through a separate brokerage window, and it's already signed up one employer that will add the offering to its plan later this year.

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