20 May 2025

Fidelity to allow its customers Bitcoin retirement accounts

One of the key players in the American market of pension investment programmes, Fidelity Investments, announced that it provides an opportunity for its customers to deposit 401 (k) bitcoins on their accounts.

 It is on this type of account that working citizens form their pension for a materially ensured old age. The Western pension system allows people to have multiple pensions through the formation of pension accounts in various funds. Using this approach, you can not only diversify the financial risks associated with inflation, but also directly influence the profitability of your own investments. 

The idea that people could accumulate not only fiat, but also cryptographic currencies has been in the air for a long time: “crypto” in recent years has received not only millions of new users, but also new dollar millionaires who were able to “retire”at a young age.

Fidelity serves tens of thousands of employees in 23,000 companies, and the company’s total pension fund is over $1.4 trillion. That’s almost 20% of all 401(k) plans in the US, which in turn make up 20% of the entire US pension market. By 2020, more than 60 million people were participating in 401(k)-programs, according to CNBC.

The features of the Digital Assets Account from Fidelity include the ability to buy digital assets without opening a specialized account on a cryptocurrency exchange, as well as the need for the consent of the employer that his employee will direct part of his pension contributions to bitcoin.

The US Department of Labor predictably criticized the idea, citing “significant risks and problems for members’ pension accounts, including risks of fraud, theft and loss,” in their letter.

Dave Gray, head of pension offerings and platforms at Fidelity Investments, responded that the agency, while pointing out the problem areas, “did not provide any guidance on how pension plan fiduciaries should solve these problems or fulfill their responsibilities when considering investments in cryptocurrencies.”

Also, the Fidelity representative accused the Department of Labor of imposing its own opinion on cryptocurrencies, the right on it should be certainly retained by the sponsors of pension plans. Mr. Gray also expressed confidence that the new Fidelity account eliminates many of the regulator’s concerns.

It is noteworthy that at the same time, MicroStrategy CEO Michael Saylor also said he would offer his employees the opportunity to invest in bitcoin within his 401(k)-pension portfolio.

A further “domino effect” looks inevitable, so it can be called the next stage of the global corporate adoption of cryptocurrencies.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
SEC Extends Review of Solana ETF Filings, Opens Public Comment

SEC Extends Review of Solana ETF Filings, Opens Public Comment

The SEC has extended its review period for Solana ETF applications submitted by 21Shares and Bitwise, and invited public comment on proposals from Canary and VanEck Trust.

Dmytro Psevdonimenko
U.S. DOJ Probes Data Breach at Major Crypto Exchange Coinbase

U.S. DOJ Probes Data Breach at Major Crypto Exchange Coinbase

The U.S. government is analyzing a recent hack of Coinbase crypto exchange that exposed customer data to cybercriminals.

Anton Kryshtal
Vinanz Acquires Bitcoin at $103K Each, Cites Currency Management Strategy

Vinanz Acquires Bitcoin at $103K Each, Cites Currency Management Strategy

UK-based mining firm Vinanz has announced its first strategic Bitcoin purchase of 16.9 BTC for $1.748 million, as it begins shifting toward a Bitcoin-focused treasury model.

Vlad Vovk
Circle May Sell to Coinbase or Ripple as It Pursues $5B IPO

Circle May Sell to Coinbase or Ripple as It Pursues $5B IPO

Circle is reportedly holding informal sale talks with Coinbase and Ripple as it prepares to go public with a valuation of at least $5 billion.

Anahit Avetisyan
Lyn Alden vs the System: A New Philosophy of Money

Lyn Alden vs the System: A New Philosophy of Money

She avoids hype, doesn’t promise miracles, and refuses to trade on fear—yet Wall Street reads her. Who is Lyn Alden, and why are her ideas challenging the foundations of modern finance?

Iaroslava Kramarenko
Sergey Nazarov (Chainlink): The Man Who Wants to Chain the World Together

Sergey Nazarov (Chainlink): The Man Who Wants to Chain the World Together

How Sergey Nazarov built the rails for a global internet of contracts — and why 2025 might be the year it all locks in.

Elina Moskovchuk
Monica Long: How Ripple’s Quiet Force Is Redrawing Crypto’s Map

Monica Long: How Ripple’s Quiet Force Is Redrawing Crypto’s Map

Ripple’s Monica Long isn’t chasing headlines—she’s quietly building crypto’s future. From payments to tokenization, here’s how she’s reshaping finance from the inside.

Elina Moskovchuk
Resistance levels: logic, methods, techniques

Resistance levels: logic, methods, techniques

Resistance levels are places where price struggles to move higher, often stalling or reversing after several attempts. Let’s learn how to find, draw and interact with them when trading.

The Coinomist
What Is Bitcoin Knots, a Fork by Luke Dashjr?

What Is Bitcoin Knots, a Fork by Luke Dashjr?

Bitcoin Knots (formerly Bitcoin LJR) is an alternative to Bitcoin Core, both allowing network participants to interact with the Bitcoin blockchain.

Anahit Avetisyan
How to Buy New Crypto Before Listing: A Step-by-Step Guide

How to Buy New Crypto Before Listing: A Step-by-Step Guide

Buying a cryptocurrency before it’s listed publicly has become one of the most talked-about strategies in the space, offering the potential for major upside—if done carefully.

The Coinomist
The Rise and Fall of Web3 Darlings: A Guide to Crypto Longevity

The Rise and Fall of Web3 Darlings: A Guide to Crypto Longevity

Most Web3 projects don’t collapse—they just stop being talked about. What makes one protocol a star and another a ghost? And why, in crypto, silence might signal transformation rather than failure?

Vlad Vovk
Beyond Profits: Understanding the Spiritual Side of Trading

Beyond Profits: Understanding the Spiritual Side of Trading

Are spiritual habits the missing link in trading psychology? For many, mindfulness and reflection offer a buffer against stress, reduce snap decisions, and aid in staying grounded through market volatility.

Vlad Vovk
How Cryptocurrency and Its Owners Are Tracked

How Cryptocurrency and Its Owners Are Tracked

Think blockchain is private? Wallets have no names and transfers seem untraceable — but that’s misleading. Discover how experts uncover wallet owners and link identities to transactions.

Vlad Vovk
Bitcoin Peaks at $107K Before Slipping Under $105K—Then Whales Pulled the Plug

Bitcoin Peaks at $107K Before Slipping Under $105K—Then Whales Pulled the Plug

The rally didn’t last. Bitcoin tumbled under $105,000 after market manipulation unleashed a cascade of liquidations worth hundreds of millions.

Anton Kryshtal
Bitcoin Retests $101K as Market Consolidation Holds

Bitcoin Retests $101K as Market Consolidation Holds

BTC remains range-bound between $101,000 and $105,000 as the market waits for new catalysts. Despite the pause in momentum, the leading cryptocurrency continues to show underlying strength.

Anton Kryshtal
MORE
Earning by Habit: How Crypto Weaves into Everyday Actions

Earning by Habit: How Crypto Weaves into Everyday Actions

You can now earn crypto tokens for your most routine daily habits — shopping, working out, or grabbing breakfast at a café. But how does it actually work?

Yara Zornell
Valletta: How Blockchain Became a Growth Engine for the Island of the Hospitallers

Valletta: How Blockchain Became a Growth Engine for the Island of the Hospitallers

Malta attracts crypto companies from around the world — flexible regulation, low taxes, and a prestigious European jurisdiction have turned the small city of Valletta into a land of opportunity.

Iaroslava Kramarenko
MORE