Thursday, April 28, 2022

Did Fidelity Just Validate Cryptocurrency Investing?

 Today Fidelity announced they offer crypto in retirement accounts this year.

fidelity offers bitcoin ira

 

"the largest retirement plan provider in the United States, announced plans to offer bitcoin in 401(k) retirement accounts to its account holders later this year. 

 The company is set to allow investors to allocate up to 20% of their 401(k) accounts to bitcoin, though employers will have the ability to lower that cap"

 If Fidelity is letting investors buy bitcoin, what does that do to cryptocurrency broker services like Coinbase?

Does Fidelity become a crypto exchange platform?

Not only does this bring in a new crop of crypto investors but does it make investing in crypto safer?

If your bitcoin is held with Fidelity, would you need a crypto wallet?

Is THIS the tipping point for crypto to be considered a "valid" investment?

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