Two US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans - BitcoinEthereumNews.com
BitcoinTwo US Senators Pen Letter to Fidelity CEO Detailing Concerns With Proposed Bitcoin 401(k) Retirement Plans05 / 06 / 2022बिटकॉइन एथेरियम समाचार Two members of the US Senate are writing a letter to financial services giant Fidelity presenting issues with the firms new plans to offer Bitcoin (BTC) as an option for 401(k) retirement plans. में पत्र pened to Fidelity CEO Abigail Johnson, Senators Elizabeth Warren of Massachusetts and Tina Smith of Minesota express doubts about the blue-chip institution enabling individuals to include BTC into their retirement funds. The Senators say that the top crypto asset by market caps history of volatility is of chief concern. Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans‘ retirement savings. Bitcoin, the cryptocurrency your company has deemed sound enough for your customers’ retirement savings accounts, has a particularly volatile history. After reaching a high of nearly $69,000 last November, the value of Bitcoin dropped down to $33,000 just over two months later. Warren and Smith also say that Fidelity offering Bitcoin could create conflicts of interest as the company once made money mining BTC. We are also concerned about Fidelitys potential conflicts of interest and the