Saturday, February 4

Tag: pension

Fidelity Propels Bitcoin Further Into Mainstream by Offering It for Pension Plans
Bitcoin

Fidelity Propels Bitcoin Further Into Mainstream by Offering It for Pension Plans

Mutual fund giant Fidelity Investments is on track to allow customers to add Bitcoin to their 401(k) savings plans, according to a recent report published by The New York Times.The move could potentially be a watershed moment for cryptocurrency adoption in the U.S. given that Fidelity is the number one provider of pension plans in the country. The Boston-based investment giant manages the retirement savings of more than 20 million people.   Read Also: Dogecoin Fan Elon Musk May Buy Twitter This Week: Report  There is a growing demand for Bitcoin among plan sponsors, according to Fidelity‚Äôs Dave Gray. Fidelity plans to start offering Bitcoin-holder 401(k) later this year. It will charge a fee of up to 0.9%. It is worth noting that savings plans are highly ...