Fidelity Delves Deeper Into Crypto by Allowing Bitcoin in 401(k)s
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“Fidelity’s engine of distribution will swell demand,” SkyBridge Founder Anthony Scaramucci said US Department of Labor said last month that 401(k) plan fiduciaries must exercise “extreme care”…
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Key Highlights Bitwise’s CIO calls banning Bitcoin in 401(k)s “ridiculous,” saying some stocks are even more volatile. Bitcoin swung 65% in a year, while Nvidia stock moved 120%, showing volatility isn’t unique to crypto. Sen. Warren warns that crypto in 401(k)s risks workers’ retirement savings due to volatility and high…
The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
The potential integration of Bitcoin (BTC), the world’s largest cryptocurrency, into the United States 401(k) retirement plans could open the door to a $12 trillion investment pool, marking a significant shift in mainstream adoption. With millions of Americans contributing to this plan every two weeks, even a small allocation to…