Fidelity Offers 401(k) Investors , Access to Bitcoin.<br />The investment company announced the change to its policy on April 26.<br />It is the first retirement investments company to allow investors to add bitcoin to their plans.<br />In addition, the more <br />than 23,000 employers that <br />use Fidelity will be able to take <br />advantage of the crypto policy.<br />There is growing interest from plan sponsors for vehicles that enable them to provide their employees access<br />to digital assets in defined <br />contribution plans, , Dave Gray, Fidelity Investments, via CNBC.<br />... and in turn from individuals with an appetite to incorporate cryptocurrencies into their long-term investment strategies, Dave Gray, Fidelity Investments, via CNBC.<br />Fidelity Investments administers over <br />$11 trillion in assets.<br />The company ranks as the biggest provider of retirement plans in the U.S.<br />Its shift in allowing <br />crypto is expected to <br />further push the currency <br />into the mainstream.<br />Despite this, federal regulators such as the <br />Department of Labor have urged companies to <br />"exercise extreme care" in offering crypto <br />as part of retirement savings.<br />Excess valuation and the volatile nature of digital currency are two aspects that give regulators pause.<br />The Department of Labor also warns that crypto can be lost due to a situation as arbitrary as an investor forgetting their password. .<br />According to Fidelity, the company compiles bitcoin in a digital assets account (DAA).<br />Fidelity promised "institutional-grade security" when it comes to the stability of bitcoin held in the DAA.<br />Fidelity's DAA holds both bitcoin and short-term money market investments
