Fidelity, the nation’s largest provider of workplace retirement plans, will let the roughly 23,700 companies for which it administers plans choose to offer bitcoin as an option for investors starting later this year. Retirement savers can put as much as 20% of their savings into bitcoin, though individual plans can set a lower maximum. Almost no 401(k)s currently offer a digital investment option. That makes Fidelity, which oversees 401(k)s holding more than $2.7 trillion in retirement assets for more than 20 million people, the first big retirement plan provider to open up bitcoin to the ranks of salaried employees.
In an article published by Conservative Investor Daily, Can Bitcoin In 401(K)s Fuel Prudent Investing?, partner Jesse St.Cyr discusses why Fidelity may be willing to make a move when others are not.
Read the full article in the Conservative Investor Daily.