Fidelity to reportedly allow 401(k) retirement savings accounts to invest in Bitcoin

Fidelity to reportedly allow 401(k) retirement savings accounts to invest in Bitcoin


The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).

The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported WSJ.

If the proposal to allocate BTC to their savings account gets approval from employers, it would allow retirement savers to allocate up to 20% of their portfolio in Bitcoin. Fidelity is currently in discussions with several of the employers that use its services and MicroStrategy has reportedly already agreed to the BTC investment plans.

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The case for retirement savings accounts to invest in Bitcoin is not new, earlier in June 2021, another

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