Cryptocurrency Fidelity Investments will allow U.S. citizens to add bitcoin to 401k retirement accounts later this year. The change brings much more exposure to bitcoin and could spur a new wave of adoption. ETFs are also helping bitcoin make more progress with getting into the mainstream. Fidelity Investments is now allowing its clients to add bitcoin investments to its 401(k) accounts. This is a big step forward for the market and could encourage many to invest in bitcoin by way of wanting to add to their retirement accounts. The Wall Street Journal first broke the news and notes that the […]

In a first for a major company, one of the largest asset managers in the world – Fidelity Investments – will allow investors to add Bitcoin to their retirement 401(k) plans. Reports from earlier today revealed that Fidelity has stated that some of the 401(k) it administers plan to soon offer employees means of investing in Bitcoin through dedicated “digital asset accounts.” Fidelity Investment reportedly has $4.2 trillion worth of assets under management. Speaking on the matter was Dave Gray – the company’s head of workplace retirement offerings and platforms, who said: Fidelity believes that blockchain technology and digital assets […]