Bitcoin 401k? Fidelity Investments Says Yes

Bitcoin has gradually been finding its way into every part of society and its use as an investment vehicle has been the biggest part of it. There has been some pushback when it comes to using the cryptocurrencies in investment vehicles dominated by traditional finance but even this is starting to wane. Evidence of this is in the recent development from Fidelity Investments, which has announced that it would be allowing employees to invest in their 401k using Bitcoin. Retire With Bitcoin The 401k is one of the most popular investment vehicles aimed toward retirement for workers in the United States. These are usually dominated by stocks that appreciate over time while the account holder continues to pay into the account as they work. As time has gone on, account holders have begun to look towards other investment options to diversify their 401k investments and the latest stop is the pioneer cryptocurrency, Bitcoin. Related Reading | Liquidations Surpass $300 Million As Bitcoin Touches 40-Day Lows Fidelity Investments has announced that it would start allowing employees to add the cryptocurrency to their 401k accounts. This will make Fidelity the first major company to offer the option to add bitcoin to its retirement plan. The 401k is currently the country’s largest retirement-plan provider and hosts the majority of the market share. About 23,000 companies currently use Fidelity to administer their retirement plans and bit...