MicroStrategy Becomes First Public Company To Offer Workers Access To Bitcoin Retirement Plans

MicroStrategy Becomes First Public Company To Offer Workers Access To Bitcoin Retirement Plans
фото показано с : zycrypto.com

2022-4-27 10:40

Enterprise software maker MicroStrategy announced Tuesday it plans to allow its employees to retire on bitcoin via Fidelity’s new BTC 401(k) program.

MicroStrategy Offers Bitcoin As 401(k) Investment Option To Its Employees

MicroStrategy has unveiled a bitcoin option for 401(k) plans for its employees.

“As MicroStrategy continues to be a pioneer in bitcoin for corporations, we are planning to offer our employees the option to invest in bitcoin as part of their 401K portfolio,” MicroStrategy founder and CEO Michael Saylor said in a tweet today.

By working with retirement giant Fidelity, MicroStrategy will become the world’s first publicly listed company to allow its workers to invest in the pioneer cryptocurrency as part of their 401(k) savings account.

The announcement by MicroStrategy came shortly after Fidelity, America’s largest retirement-plan provider, said it will let its clients add bitcoin to their 401(k) retirement accounts. In the United States, 401(k) accounts help employees get tax breaks on the contributions they make from their paychecks towards retirement. Employers that decide to offer the option will be able to allocate no more than 20% of their employees’ funds to the dominant crypto.

The Growing Legitimization Of Bitcoin

Fidelity’s new program is expected to go live later this year. The move is a further indication that bitcoin is gaining trust as an investment despite the asset’s extreme trepidation.

Speaking to CNBC, Saylor noted that his employees had requested a bitcoin option in their 401(k) accounts for a while. “Bitcoin is digital property and that makes it the perfect asset for a retirement plan,” the noted bitcoin proselytizer posited.

In Saylor’s view, the OG crypto is less risky compared to stocks, bonds, real estate, and gold, and it was in fact “built for this”.

Saylor is best known in the crypto community for his unshakeable conviction in the flagship crypto. Under his leadership, MicroStrategy has become the world’s largest corporate bitcoin owner. The company currently holds 129,218 coins — nearly $5 billion — on its balance sheet.

However, not everyone in the U.S. is celebrating bitcoin being a part of 401(k) plans. Last month, the Department of Labor expressed “serious concerns” about providers giving investors the chance to allocate a portion of their retirement savings to “speculative and volatile” crypto assets with inflated valuations.

Bitcoin was trading at $38,661 at the time of publication and was down 5.33 percent in the past 24 hours.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96960.03 (-0.08%)
Объем 24H $43.348b
Изменеия 24h: -0.18 %, 7d: -5.73 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1919.77b Rank 1
Цена в час новости $ 39116.32 (147.88%)

bitcoin retirement much years past accounts part

Источник: zycrypto.com

bitcoin retirement → Результатов: 126


Bitcoin IRA Opens Retirement Accounts In Crypto As Retirement Portfolios Reach Record Highs

Bitcoin IRA, the largest Bitcoin retirement platform in the world, informed that investors are currently adding virtual currencies to their retirement portfolios as Bitcoin moves above $11,300. AT the same time, the company mentioned that they have seen more interest in the activity in the last six weeks than in over a year. Bitcoin IRA […]

2019-6-25 22:08


Фото:

Alternative Investment Firm Regal Assets Expands Crypto Reach to Canada

Regal Assets is one of North America’s most trusted alternative investment firms. The company has recently announced it was expanding its service to support Registered Retirement Savings Plan (RRSP) for Tax-Free Savings Account (TFSA) Canadian investors According to reports, Regal Assets, a firm that specializes in offering alternative investment services for retirement account holders, has officially announced it was opening.

2019-1-10 04:00


Фото:

Accredited Investors now Able to Hold Bitcoin in Registered Accounts in Canada

Canada’s first and only regulated bitcoin fund has now achieved mutual fund trust status enabling high-net-worth investors to hold bitcoin investments in their registered accounts. The fund includes registered retirement savings plans and tax-free savings accounts, First Block Capital announced in a September 10, 2018, press release.

2018-9-11 22:00


Фото:

Wells Fargo Gallup Investor Survey Shows Just 2% of Americans Hold Bitcoin

A new Wells Fargo Gallup Investor and Retirement Optimism Index poll shows that just 2 percent of Americans investors surveyed own bitcoin. These results are from the second-quarter Wells Fargo/Gallup Investor and Retirement Optimism Index survey, conducted online May 7-14, 2018, via the Gallup Panel. The poll was based on US adults who have at […]

2018-7-29 23:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Decline Continues: Are Bulls Losing Control?

Bitcoin price extended losses and traded below the $100,000 zone. BTC is struggling and might continue to move down toward the $92,000 support zone. Bitcoin started a fresh decline from the $102,000 resistance zone.

Bitcoin Price Struggles at $100K: Is The Rally Losing Steam?

Bitcoin price struggled to clear the $102,000 resistance zone. BTC is correcting gains and might test the $97,500 support zone. Bitcoin started a downside correction from the $102,000 zone. The price is trading above $98,000 and the 100 hourly Simple moving average.

Bitcoin Price Dips Again: Is The Momentum Shifting?

Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone.