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Fidelity Investments’ Allows Clients To Invest In Bitcoin Through 401(K) Accounts

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Fidelity Investments, a U.S. financial services firm, will allow investors to put Bitcoin (BTC) in their 401(k) retirement savings accounts later this year.

401(k) accounts are company-sponsored retirement accounts in the U.S. to which employees can contribute income, while employers may match contributions. As per Fidelity’s plan, a maximum of 20% of contributions can be allocated to investments in Bitcoin. However, this limit may be lowered by employers. This move is expected to allow several first-time investors to gain exposure to bitcoin and other digital assets that may potentially be included by Fidelity in the future.

According to Dave Gray, Head of workplace retirement offerings and platforms.

“There is a need for a diverse set of products and investment solutions for our investors. We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.”


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PSA: if you use fidelity, ask your employer to enable bitcoin as a 401k option

If people in your company complain bitcoin is bad for the environment, respectfully point out that they are free not to invest in bitcoin, and that a respectful work environment can't have employees trying to control other employees' choices and beliefs. Then share a link to the human fight's foundation's video which says opposition to bitcoin comes from a place of enormous financial privilege.

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