Crypto in My 401(k)? In One Way It Makes Sense, But on the Other Hand …
— Next question might, Find, Buy, Even available, Question addresses whether crypto might enhance, Biggest fans, Owning cryptocurrency, Bottom line, Cryptocurrencies, New industry — 1 min read
Fidelity announced it would offer a cryptocurrency option to plan sponsors of 401(k) plans starting later this year. The likelihood that your employer will offer crypto-based funds in the near future is low. The Department of Labor (DOL) has been very clear they believe crypto assets are not appropriate for most consumers. Even the biggest fans of cryptocurrency agree that these assets involve significant risk. Before choosing crypto, understand its place in your investment mix as well. The recent drop in the value of Bitcoin that coincided with the drop in stock prices has raised eyebrows. But it doesn’t follow that everybody needs to sign up or lose out. This is an exciting new development in alternative investments, but it doesn't follow that everyone needs to. Source