It’s no longer just celebrities, billionaires and digital-asset enthusiasts who are dabbling in the crypto craze. Cryptocurrencies are coming to retirement plans soon.
A small group of workers next month will be able to invest in cryptocurrency in their 401(k), The Wall Street Journal reported Thursday.
ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global Inc., a leading cryptocurrency exchange, that will allow workers in plans it administers to invest up to 5% of their 401(k) contributions in bitcoin, ether, litecoin, and others, the Journal reported.
Crypto-investing is virtually nowhere to be found in 401(k) plans and individual retirement accounts at the moment. But while financial advisers remain cautious about cryptocurrencies, they may be ready to embrace them due to client demand, according to the 2021 Trends in Investing Survey, conducted by the Journal of Financial Planning and…