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21 June 2021

Bitcoin in Your 401K? Coinbase and ForUsAll Offer New Crypto Option - Decrypt

Bitcoin in Your 401K? Coinbase and ForUsAll Offer New Crypto Option - Decrypt


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Coinbase and ForUsAll Offer New Crypto Option.

That's beginning to change, however, as 401K provider ForUsAll announced on Monday it will let employees add crypto to their portfolios.

Notably, the offering includes a major guardrail: participating employees can't allocate more than 5% of their retirement funds into crypto.

If other 401K providers—which collectively oversee trillions of dollars in assets—come to offer similar products, it could dramatically expand the amount of investment money pouring into crypto and likely drive up prices.

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