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NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin, potentially up to 20%, all from the account’s main menu of investment options.
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Fidelity is set to be the first major retirement investment group to allow 401k account holders to add Bitcoin to their portfolios.
The plan provider will allow thousands of workers to invest in cryptocurrency as part of their nest egg.
Fidelity Investments, which many companies use for employee 401(k) accounts, will allow retirement funds to be invested in Bitcoin.