Fidelity allowing workers to allocate their retirement funds to Bitcoin could be a watershed moment for the top cryptocurrency
The move could potentially be a watershed moment for cryptocurrency adoption in the U.S. given that Fidelity is the number one provider of pension plans in the country. The Boston-based investment giant manages the retirement savings of more than 20 million people. Dogecoin Returns to Top 10 as Twitter Accepts Elon Musk's Buyout Deal
It is worth noting that savings plans are highly regulated, which means Fidelity’s new initiative will likely attract plenty of regulatory scrutiny. Last month, the U.S. Department of Labor warned against putting crypto into people’s 401s.
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