According to reports, investing giant Fidelity Investments will begin allowing bitcoin investments in its 401(k)s by the middle of this year. Investors will have a separate account on Fidelity’s platform for Bitcoin investments. The account will also have money market investments to hold liquidity. Dave Gray, Head of Workplace Retirement Product and Platforms at the company, told the Wall Street Journal (WSJ) that demand for … Continue reading Fidelity Will Begin Offering Bitcoin In 401(k)s Later This Year
Cryptoassets have lost a trillion dollars worth of market capitalization from their all-time highs earlier this year, according to Autonomous Research. “The crypto markets are not holding their value in an overall downturn, and have been fairly correlated with traditional equities as everything nosedives together,” writes Lex Sokolin, Global Director of Fintech Strategy at the firm. After mostly moving sideways in October, cryptocurrency markets crashed … Continue reading Crypto Markets Lost A Trillion Dollars In Market Cap From All Time Highs: Autonomous Research
Bitcoin IRAs were among the earliest financial instruments to incorporate bitcoins. But they have received a mixed reception since introduction. Proponents point to the tax benefits of trading using an IRA. Bitcoin trades typically incur a capital gains tax because the IRS has classified the cryptocurrency as real estate. Using a self-directed or Roth IRA, you can defer tax on such trades until a full … Continue reading Should You Trade Bitcoin Through An IRA Account?