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Fidelity To Allow Bitcoin Investments In Retirement Plans: Report

Fidelity Investments plans to enable traders to allocate a part of their 401(ok)s into bitcoin later this 12 months, in accordance to a report by The Wall Street Journal.

Fidelity, which manages worker profit applications for nearly 23,000 businesses, is set to change into the primary main retirement-plan supplier to enable bitcoin publicity in retirement accounts.

“There is a need for a diverse set of products and investment solutions for our investors,” mentioned Dave Gray, Fidelity’s head of office retirement choices and platforms, per the report. “We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.”


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