Retiring on Bitcoin
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$103,030.00
3.00%$2,315.59
15.05%$2.36
5.38%$635.55
2.67%$169.96
7.38%$0.999942
-0.03%$0.203986
8.79%$0.783939
7.89%$0.262841
5.04%$2,308.65
15.18%$102,925.00
3.34%$3.93
3.84%$15.98
6.53%$23.13
9.77%$2,779.55
16.32%$0.296927
6.79%$0.00001501
8.97%$0.200083
6.16%$25.09
15.05%$3.26
4.09%$407.80
-2.21%$8.73
-0.44%$0.999923
-0.01%$98.60
6.72%$4.71
10.39%$2,313.55
15.52%$300.47
1.25%$2,450.69
14.79%$0.00001251
29.69%$4.48
1.72%$0.737949
17.70%$0.998668
-0.11%$0.999432
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3.12%$30.31
3.62%$429.29
5.27%$6.26
18.51%$2.89
13.33%$5.58
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8.00%$53.50
2.70%$207.87
9.19%$1.051
0.01%$0.101314
5.72%$19.01
8.44%$1.00
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1.53%$0.10314
7.35%$33.53
8.86%$0.764941
3.75%$4.93
7.12%$0.02940665
9.53%$0.253634
8.93%$4.94
12.51%$0.84556
14.59%$0.374342
20.97%$1.001
-0.01%$102,916.00
3.30%$1.17
0.21%$0.233842
9.42%$3.02
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6.03%$4.36
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10.74%$0.00002187
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4.72%$1.13
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0.59%$0.979219
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4.78%$2,312.95
15.45%$177.65
7.22%$11.12
2.52%$94.72
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15.28%$0.02006909
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14.88%$4.57
12.64%$0.236859
9.84%$0.077003
1.87%$0.655776
10.61%$102,892.00
3.74%$11.77
9.73%$1.001
-0.03%$2,622.71
15.10%$0.111642
13.01%$0.761401
3.61%$0.00010007
17.15%$0.01487922
5.50%$635.37
2.66%$1.014
13.83%$219.41
7.34%$0.0185453
11.10%$0.999653
0.01%$0.878069
11.40%$2,465.93
15.59%$0.999465
-0.02%$188.08
7.36%$0.01912827
15.66%$14.77
0.43%$2.87
5.53%$102,819.00
2.96%$3,342.20
-0.23%$0.822223
11.92%$40.66
4.15%$0.327983
10.45%$103,332.00
2.98%$3,344.61
-0.47%$102,027.00
3.15%$0.99993
-0.01%$0.234247
6.91%$0.61869
1.63%$0.077336
15.80%$0.00000078
7.05%$4.16
5.88%$22.64
12.61%$2.30
5.70%$2,419.85
15.50%$0.725402
12.67%$0.199881
37.15%$0.119903
2.63%$0.431209
9.19%$42.63
2.89%$1.99
15.69%$0.997902
0.01%$0.344733
8.95%$0.616137
6.86%$2,416.13
15.34%$0.999816
0.07%$0.665904
12.24%$3.81
4.42%$0.756018
8.01%$0.0183476
-4.46%$1.11
-0.95%$0.01019598
11.89%$0.471884
8.28%$0.00600045
6.59%$8.12
10.14%$18.86
15.34%$0.485433
6.85%$110.98
0.01%$0.675653
12.84%$0.204186
9.12%$0.167312
19.31%$103,079.00
3.70%$1.48
11.75%$0.62201
17.03%$2,458.39
14.88%$0.505782
5.16%$2,310.50
15.02%$0.998319
-0.12%$2,317.82
15.74%$0.194632
1.67%$0.999775
0.01%$102,567.00
2.68%$2,314.01
15.86%$0.00002384
6.25%$0.066022
0.14%$2,354.45
15.49%$3.87
17.27%$99,091.00
3.96%$6.49
8.64%$0.999908
0.00%$0.00871001
7.96%$2.83
11.19%$0.181829
10.48%$1.81
8.31%$0.097664
13.25%$0.087246
13.82%$1.60
0.94%$0.04549398
7.50%$0.00000044
4.20%$0.0061582
3.90%$0.253443
9.01%$101,398.00
1.59%$2,312.60
15.45%$1.09
0.36%$0.622933
12.91%$1.004
-0.86%$0.155257
1.43%$44.98
8.12%$1.53
3.88%$0.00000102
8.78%$0.345566
15.39%$2,303.30
15.27%$0.03744214
5.19%$0.820527
12.51%$0.392022
1.86%$0.0190861
5.33%$0.00435876
4.99%$33.06
1.65%$0.00006632
7.90%$0.367826
0.47%$21.60
0.17%$0.176754
0.17%$1.00
-0.04%$0.843307
5.07%$0.348266
7.48%$0.00340891
15.05%$1.40
2.51%$129.25
9.47%$2,452.01
16.12%$0.732677
3.63%$2.96
14.17%$103,144.00
3.49%$1.00
-0.07%$0.0000016
9.88%$23.05
10.36%$0.998896
-0.28%$1.17
22.51%$25.06
14.84%$0.999416
-0.10%$0.257003
9.75%$0.999789
-0.06%$2,546.42
15.55%$0.312146
74.22%$0.224473
9.41%$0.5331
-8.34%$0.00347241
16.38%$2,517.01
14.80%$1.099
0.05%$3.71
11.92%$0.03519834
3.73%$25.03
14.83%$23.93
6.17%$2,318.55
15.50%$0.99972
-0.05%$2,497.25
15.84%$0.573654
5.72%$0.286068
6.73%$17.27
8.42%$3.45
1.98%$3,339.34
-0.50%$0.04031112
8.92%$2,305.14
15.36%$0.00368105
6.41%$0.116944
16.32%$0.01394241
9.07%$0.799472
16.44%$0.00261
12.82%Reading
The U.S. Department of Labor has "grave concerns" over the inclusion of crypto, including Bitcoin, in American retirement accounts.
Days after Fidelity opened its retirement accounts to Bitcoin, the acting assistant secretary of the Employee Benefits Security Administration (EBSA) Ali Khawar told the Wall Street Journal, “we have grave concerns with what Fidelity has done.”
The EBSA is an agency within the Department of Labor that oversees employer-sponsored retirement plans in the United States.
On Tuesday, the financial services firm announced that it would let members of its 401(k) retirement savings program invest up to 20% in the leading cryptocurrency.
The product is expected to lunch this summer, with tech firm MicroStrategy, led by Bitcoin bull Michael Saylor, being the first firm to join.
Michael Saylor is betting more on Bitcoin. A subsidiary of Microstrategy has just executed a $205 million cash loan using its current Bitcoin holdings as collateral. Silvergate Bank, a San Diego-based bank focused on cryptocurrencies, serviced the loan through the Silvergate Exchange Network (SEN), which provides loans collateralized by Bitcoin. The loan has been secured by Bitcoin in MacroStrategy’s collateral account. Besides buying more Bitcoin, the proceeds will also be used to cover fees re...
“We started to hear a growing interest from plan sponsors, organically, as to how could Bitcoin or how could digital assets be offered in a retirement plan,” Dave Gray, head of workplace retirement offerings and platforms at Fidelity Investments, told the New York Times at the time.
This is not the first time the Department of Labor has shared concerns about including cryptocurrencies in American retirement accounts.
In March, it cited the asset class’s volatility, participants' ability to make “informed” decisions about crypto, and a shaky regulatory environment, among other reasons why participants should exercise caution over including them in their portfolios.
“The Department cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan's investment menu for plan participants,” read the release.
Last year, crypto exchange Coinbase and 401(k) provider ForUsAll announced a similar crypto-fueled retirement option.
The assets available extend far beyond Bitcoin, including tokens like Algorand (ALGO) and Uniswap (UNI). Still, the crypto allocation was restricted to 5% of a portfolio.
Earlier this year, iTrustCapital raised $125 million to expand its crypto IRA offering. Like a 401(k) plan, IRA retirement accounts offer tax-advantaged investing though the amount participants can contribute is much smaller.
With Fidelity now entering the space, adding crypto to retirement portfolios may have finally reached the mainstream.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Bitcoin is coming to the drive-thru. American fast food chain Steak ‘n Shake said Thursday it will begin accepting the world’s largest crypto at all of its U.S. locations starting May 16, giving its more than 100 million customers the option to pay for milkshakes and burgers in BTC. “The movement is just beginning,” the company posted on X. Unlike high-margin retailers, fast food chains run on thin margins and high volume, making Steak ‘n Shake’s Bitcoin rollout a real-world stress test for the...
On Thursday, Bitcoin miner MARA Holdings reported a staggering $533 million net loss for the first quarter this year, despite amassing Bitcoin at a record pace and steadily growing its year-over-year revenue. The company's Q1 earnings reported a 30% jump in revenue to $214 million, with its Bitcoin holdings ballooning to 47,531 BTC, a 174% increase from just 17,320 BTC a year ago. Still, the company's results missed Wall Street’s expectations. Its net income loss expanded to $533 million (at $1....
Coinbase's total revenues fell 10% quarter-over-quarter and fell short of analyst expectations amid a decline in trading activity, the company said in its first quarter earnings for 2025. The crypto exchange booked $2 billion in total revenue on Thursday, below Wall Street analysts' estimates of $2.12 billion. Net income came in at $66 million, marking a 94% decrease from the fourth quarter of 2024. The company’s earnings per share shrank to $0.26 from $4.84 the previous year for the same thre...