Fidelity will allow investors to add Bitcoin to their retirement 401(k). accounts

In a first for a major company, one of the largest asset managers in the world – Fidelity Investments – will allow investors to add Bitcoin to their retirement 401(k) plans.

Reports from earlier today revealed that Fidelity has stated that some of the 401(k) it administers plan to soon offer employees means of investing in Bitcoin through dedicated “digital asset accounts.”

Fidelity Investment is said to have $4.2 trillion in assets under management.

Speaking on the matter was Dave Gray – the company’s head of workplace retirement offerings and platforms, who said:

Fidelity believes that blockchain technology and digital assets are going to be a much larger part of the financial industry’s future.

Fidelity also revealed that MicroStrategy will be its first customer for the new product, and this doesn’t come as a surprise, given that the software giant holds almost 130,000 BTC on its corporate balance sheet.

The firm will, reportedly, offer the BTC account in its retirement plan at a later date this year.

The investment company also stated that it plans to increase the accounts and reach out to more sponsors in the middle of the year. Employees could also put up to 20% of the 401(k balance into these accounts.

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