Assets, Bitcoin

Can I Invest My 401k in Bitcoin Fidelity?

As the world’s largest asset manager, Fidelity Investments is no stranger to risk. But even for a company that manages trillions of dollars in assets, the recent surge in popularity of bitcoin and other digital currencies has been a bit of a head-scratcher.

Fidelity has been slow to warm up to the idea of investing in digital currencies. In 2017, the company’s CEO, Abigail Johnson, said that she was “open-minded” about the possibility of adding bitcoin to Fidelity’s investment offerings.

But so far, the company has yet to make any concrete moves in that direction.

Still, there are signs that Fidelity is interested in getting involved with digital currencies in some capacity. In October 2017, the company launched a new cryptocurrency-related website called “Fidelity Labs.

NOTE: It is important to be aware of the risks when investing your 401k in Bitcoin Fidelity. The cryptocurrency market is highly volatile and prices can rise and fall quickly. You should research the cryptocurrency market to ensure that you understand how it works and that you are comfortable with the level of risk involved. Additionally, it is important to be aware of any additional costs or fees associated with investing your 401k in Bitcoin Fidelity, as these may reduce your returns.

” The site is focused on exploring “emerging technologies” like blockchain and digital currencies, and it includes a section on bitcoin and other digital assets.

In addition, Fidelity has been testing out new ways to store and trade digital currencies. In August 2017, the company announced that it had partnered with Coinbase, one of the leading digital currency exchanges, to offer trading and storage services for digital assets.

So far, Fidelity has stopped short of offering any direct investment products related to digital currencies. But given the company’s history of innovation and its current interest in blockchain technology, it seems likely that Fidelity will eventually offer some kind of cryptocurrency product or service.

For now, though, investors who want to get exposure to digital currencies will need to look elsewhere. There are a number of exchange-traded funds (ETFs) that offer exposure to bitcoin and other digital assets, but these products come with their own risks and rewards.

Investing in any kind of asset comes with risks, so be sure to do your homework before making any decisions.

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