Fidelity Lets Customers Fund Their 401Ks with Crypto, but Not Everyone's Happy - Aliens: AI Crypto News & Markets Updates
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Fidelity Lets Customers Fund Their 401Ks with Crypto, but Not Everyone's Happy

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Live Bitcoin News

Sun, May 22, 2022

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Not long ago, Fidelity Investments announced that customers would be able to invest in crypto like bitcoin through their 401Ks and retirement accounts.

In addition, several businesses offering 401Ks to their employees could soon see these individuals purchase assets like BTC, ether, and maybe even Dogecoin through their company-funded retirement profiles.

However, while Fidelity appears to be rolling out several crypto holding options for its 401K customers, there are several individuals and industry heads out there who claim businesses are not likely to utilize or implement crypto retirement options for employees.

Now, several retirement professionals are emerging to say that if one is going to indeed fund their retirement accounts with crypto through Fidelity, they need to take necessary precautions and expect a little up-and-down behavior from time to time.

What makes investing in crypto through one’s retirement risky is that these funds are utilized most often to care for oneself when they are elderly or infirm.

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