Fidelity to allow retirement savers to put bitcoin in 401(k)s Fidelity Investments plans to allow investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won’t be able to start adding cryptocurrencies to their nest eggs right away, but later this year, the 23,000 companies that use Fidelity to administer their retirement plans will have the option to put bitcoin on the menu. “There is a need for a diverse set of products and investment solutions for our investors,” said Dave Gray, head of workplace retirement offerings and platforms at the Boston-based company. “We fully expect that cryptocurrency is going to shape the way future generations think about investing for the near term and long term.” 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. Mr. Gray said it would be limited to bitcoin initially, but he expects other digital assets to be made available in the future. Crypto investing has been virtually nonexistent in 401(k) plans to date. One small company that caters to smaller 401(k) plans is allowing workers in some of the plans it administers to invest up to 5% of their 401(k) contributions in bitcoin and some other cryptocurrencies. Wall Street Journal