Fidelity, one of the largest investment companies in the USA, with the pension funds of all its customers Bitcoin (BTC) paves the way for investment.
Fidelity, 401(k) By opening the BTC investment through retirement savings accounts, known as the pension fund, it actually opens up a potential of billions of dollars.
Fidelity Takes a Critical Step For BTC
According to the information provided by The New York Times, Fidelity has already made its decision on this issue.
Fidelity is known to be the number one pension fund company in the country. The Boston-based investment giant manages the retirement accounts of more than 20 million people.
According to the information conveyed by Fidelity’s senior manager Dave Gray, the interest of those who have pension funds in Bitcoin is increasing.
Fidelity will begin offering Bitcoin options to holders of 401(k) pension funds later this year.
It is stated that this will have a transaction fee of 0.9%. However, according to experts, it is certain that retirement plans will be seriously regulated and this new step of Fidelity will attract the attention of regulators.
Last month, the U.S. Department of Labor warned people against investing in cryptocurrencies with retirement funds.
MicroStrategy, the corporate company that currently has the largest BTC investment, announced its name on a similar plan.
In addition, Fidelity, despite being one of the largest, was also one of the first companies to step into the crypto money industry. It is known that the company has been mining BTC since 2014.