May 19, 2024

Fidelity will offer a retirement savings plan with cryptocurrencies

Investing.com - The fact that the largest cryptocurrency - BTC - is gradually becoming mainstream is evidenced byfact that the leading US supplier of corporateRetirement savings plans Fidelity will begin offering the option of investing in bitcoin in its 401(k) plan by the end of the year, writes Business Insider.

Although it is worth remembering that Bitcoin is volatile and has lost 40% of its value since its November 2021 high of $69K.

Fidelity Investments Retirement Planwill allow customers to invest in bitcoin, and the company will thus become the first major pension plan provider to use cryptocurrency as a store of value.

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