Bitcoin Coming To Retirement Accounts
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In this video, I discuss Fidelity rolling out the ability to invest in Bitcoin in 401(k) retirement accounts. This is huge news, and will lead to more and more people storing their life savings in Bitcoin.
Hopefully, Fidelity will eventually allow holders to also hold their own Bitcoin private keys.
Michael Saylor's MicroStrategy will be one of the first companies to allow its employees to invest in Bitcoin through their company 401(k).
Most of the world's savings will eventually end up being stored in Bitcoin. This is only the beginning.
Not investment advice! Consult a financial advisor.
Bitcoin coming to Fidelity 401(k) accounts:
https://www.wsj.com/articles/fidelity-to-allow-retirement-savers-to-put-bitcoin-in-401-k-accounts-11650945661
https://www.businesswire.com/news/home/20220426005525/en/Fidelity-Investments-Advances-Leading-Position-as-Digital-Assets-Provider-With-Launch-of-Industry%E2%80%99s-First-of-Its-Kind-Bitcoin-Offering-for-401-k-Core-Investment-Lineup
Workers will be able to allocate up to 20% to Bitcoin:
https://decrypt.co/98672/fidelity-let-workers-save-20-retirement-bitcoin
How large are 401(k)s?
https://www.ici.org/faqs/faq/401k/faqs_401k#:~:text=Fund%20assets%20in%20401(k,assets%20industrywide%20(12%20percent).
My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
Labor Department criticizes Fidelity's plan:
https://www.wsj.com/articles/labor-department-criticizes-fidelitys-plan-to-put-bitcoin-on-401-k-menu-11651197309
https://blog.dol.gov/2022/03/10/cryptocurrency-concerns-why-were-working-to-protect-retirement-savings-from-volatile-digital-investments
MicroStrategy to offer Bitcoin in retirement accounts:
https://www.coindesk.com/business/2022/04/26/microstrategy-to-offer-workers-bitcoin-options-in-401k-accounts-via-fidelity/
Choice by KingdomTrust:
https://www.choiceapp.io/kingdomtrust
How to get Bitcoin or any Cryptocurrency into your IRA:
https://www.youtube.com/watch?v=M4MC-kKOWPQ&ab_channel=VulcanTrader
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#Fidelity
#401k
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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