{"id":25058,"date":"2022-04-26T04:47:17","date_gmt":"2022-04-26T08:47:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25058"},"modified":"2022-04-26T04:47:27","modified_gmt":"2022-04-26T08:47:27","slug":"fidelity-investments-allows-401k-to-invest-in-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/fidelity-investments-allows-401k-to-invest-in-bitcoin\/","title":{"rendered":"Fidelity Investments allows 401(k) account holders to invest in Bitcoin"},"content":{"rendered":"\n
Fidelity Investments<\/a> has announced that the company will launch a digital asset program allowing 401(k) plan members to invest a portion of their retirement funds in Bitcoin.<\/h5>\n\n\n\n
\"Fidelity
Fidelity Investments allows 401(k) account holders to invest in Bitcoin<\/figcaption><\/figure><\/div>\n\n\n\n

People can now invest directly in Bitcoin without having to register an account with a crypto exchange thanks to Fidelity's action. If a result, as crypto acceptance develops in the United States, it will drive Bitcoin \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>even more into the mainstream.<\/p>\n\n\n\n

MicroStrategy is one of the companies that has already opted into the Bitcoin-based 401(k) program. MicroStrategy, the publicly-traded corporation with the largest Bitcoin treasury, is already paying workers in Bitcoin.<\/p>\n\n\n\n

The company hopes to lead Bitcoin adoption by including Bitcoin in employees' retirement savings accounts. Fidelity is also in talks with other firms to offer a digital assets account<\/a>.<\/p>\n\n\n\n

Customers will be able to diversify their investments in their retirement savings accounts by keeping up to 20% of their assets in Bitcoin, according to Fidelity Investments.<\/p>\n\n\n\n

According to Dave Gray, head of Fidelity Investments' workplace retirement programs<\/a> and platforms, there is growing demand from customers and plan sponsors for retirement plans that include the ability to invest in Bitcoin and other cryptocurrencies.<\/p>\n\n\n\n

\u201cWe started to hear a growing interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan.\u201d<\/p><\/blockquote>\n\n\n\n

The charge for a digital assets account will range from 0.75-0.90 percent of assets, based on a number of factors such as the employer and the amount invested. In addition, the corporation will disclose a small trading fee<\/a> for the account soon.<\/p>\n\n\n\n

Last month, the Labor Department produced a compliance assistance paper, and it intends to keep a close check on 401(k) plans that include digital assets. In addition, the Labor Department reminded companies that they must operate entirely in the best interests of participating employees.<\/p>\n\n\n\n

Investors will be able to improve their retirement savings by using Bitcoin-based 401(k) and IRA accounts, as retirement plans provide tax benefits<\/a> to account holders.<\/p>\n\n\n\n

As a result, it enables businesses and employees to take advantage of the potential to invest in Bitcoin while also saving money on taxes and diversifying their portfolios.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity Investments has announced that the company will launch a digital asset program allowing 401(k) plan members to invest a portion of their retirement funds in Bitcoin. People can now invest directly in Bitcoin without having to register an account with a crypto exchange thanks to Fidelity’s action. If a result, as crypto acceptance develops […]<\/p>\n","protected":false},"author":12,"featured_media":9949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9410,152,9409],"class_list":["post-25058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-401k-accounts","tag-bitcoin","tag-fidelity-investments"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Fidelity-Investments-seeks-approval-for-its-Bitcoin-ETF-from-the-SEC.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25058"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9949"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}