The U.S. Labor Department expressed concerns over Fidelity's Bitcoin Offerings in 401(k)s.
The U.S. Labor Department expressed concerns over Fidelity’s Bitcoin Offerings in 401s.
The assistant secretary considered the cryptocurrency a speculative asset, “with a lot of hype there.” He added, “you have to get in now because you will be left behind otherwise.” 401 as a pension fund for retirement savings, in his view, should be tilted towards safe assets with much lesser volatility.
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