Bitcoin in 401(k) becomes reality for more, despite warnings

By STAN CHOE
AP Business Writer

NEW YORK (AP) — Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions directly in bitcoin. Fidelity said it’s the first in the industry to allow such investments without having to go through a separate brokerage window, and it’s already signed up one employer that will add the offering to its plan later this year. Fidelity’s offering may be one of just a few for a while, given the substantial concerns about the riskiness of cryptocurrencies. The U.S. government last month warned the retirement industry to exercise “extreme care” when doing something like this.