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Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts - WSJ

the 23,000 companies that use Fidelity to administer their retirement plans will have the option to put bitcoin on the menu.

The breach of fiduciary duty lawsuits are going to be a slam dunk.

Under the plan, Fidelity would let savers allocate as much as 20% of their nest eggs to bitcoin, though that threshold could be lowered by plan sponsors.

Another 20% will be permitted to be invested into your cousin’s new restaurant and a remaining 20% may be used to purchase Beanie Babies.

Mr. Gray said the fees on the account will be between 0.75% and 0.9%, depending on the client, not counting trading costs.

Don’t worry, you’ll still be lining Fidelity’s pockets while you gamble at the table.

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