Is bitcoin a good investment for a 401(k)?

Fidelity is the largest retirement plan provider in the U.S., and it becomes the first to add Bitcoin as a 401 (k) plan investment option. Roughly 23,000 companies use Fidelity to administer their retirement plans, and Fidelity currently has more than $11 trillion in assets under administration (AUA).

Should you roll over your 401(k) into a Bitcoin IRA?

But there are also a number of other details to consider before deciding to roll over your 401 (k) into a Bitcoin IRA. Self-directed IRAs (SDIRAs) are a relatively unknown category of IRAs that unlock access to asset classes that sometimes have extraordinary growth potential.

Does Fidelity offer cryptocurrencies in 401(k) accounts?

Fidelity Investments has become the first retirement plan provider to allow cryptocurrencies in the 401 (k) accounts that it services, starting with Bitcoin (BTC). This investment option will become available by mid-2022 to 23,000 employers that use Fidelity to administer their retirement accounts.

Is MicroStrategy the first employer to offer bitcoin in 401(k) plans?

As noted above, business analytics software provider MicroStrategy reportedly has signed on to become the first employer offering Bitcoin in its 401 (k) plans administered by Fidelity. That company holds billions of dollars in Bitcoin, and its founder Michael Saylor is a staunch supporter of cryptocurrency through numerous tweets on the subject. 2