Loyalty to allow retirement savers to put Bitcoin on 401 (k) accounts

Fidelity Investments plans to allow investors to put a bitcoin account in their 401 (k) s, the first major retirement plan provider to do so.

Employees will not be able to start adding cryptocurrencies to their nest eggs right away, but later this year, the 23,000 companies that use Fidelity to manage their retirement plans will have the option to put bitcoin on the menu. The approval of the country’s largest pension scheme provider suggests that crypto-investment is moving further into the mainstream, but it is still unknown whether employers will embrace it for their workers.

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