Bloomberg Law
July 29, 2021, 9:26 AMUpdated: July 29, 2021, 5:00 PM

Crypto Retirement Plans Upend Skittish 401(k)s Averse to Risk (1)

Austin R. Ramsey
Austin R. Ramsey

The cryptocurrency boom that’s elevated a few lucky at-home investors into overnight millionaires should be used to shore up workers’ retirement savings, say advocates of getting digital money into employer-sponsored 401(k)s.

Plan sponsors are feeling pressure from workers and a growing number of fintech firms to incorporate cryptocurrency into their investment lineups. A burgeoning tech-based 401(k) market wants to level the playing field by offering the working class a chance to cash in on the same growth billionaires and big-name companies have enjoyed for years.

401(k)s, which account for the vast majority of Americans’ retirement savings, have persisted on tried ...

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