Fidelity First to Offer Bitcoin to 401K Investors
The biggest retirement financial firm, Fidelity, is going to be the first to offer 401k investors access to Bitcoin. Fidelity has over $11 Trillion in assets under management (AUM). Repeat: Fidelity has $11 TRILLION, not Billion, of assets under management.
This is big news, in my opinion, and further proof of coming mass adoption of Bitcoin and cryptocurrency in general.
This company is just the first of many potential companies to offer bitcoin to its 401k retirement investors and the floodgates could be starting to open here…
The following is from a CNBC news article at: https://www.cnbc.com/2022/04/26/fidelity-offers-401k-investors-access-to-bitcoin-a-retirement-plan-first.html
KEY POINTS
- Fidelity Investments will offer investors the option to put bitcoin in their 401(k)s by the middle of this year.
- As the nation’s largest retirement plan provider, Fidelity’s decision could make crypto even more popular and mainstream.
- Regulators have urged caution against involving cryptocurrencies in 401(k)s, citing speculation, volatility and high valuations for their concern.
Fidelity Investments said Tuesday it will offer investors the option to put bitcoin in their 401(k)s, making it the first provider to offer crypto for retirement savings.
The crypto offering will be available for 23,000 employers that use Fidelity to administer their retirement accounts by midyear 2022. With $11.3 trillion in assets under administration, Fidelity is the nation’s largest retirement plan provider and its decision could make crypto even more popular and mainstream.
I currently buy Bitcoin and other cryptocurrency using Coinbase ==>
