Bitwise CIO slams ban on including bitcoin in 401(k) retirement plans as "absurd"
7x24h News
Bitwise CIO slams ban on including bitcoin in 401(k) retirement plans as "absurd"
According to Cointelegraph, Bitwise CIO Matt Hougan dismissed arguments against including Bitcoin in 401(k) retirement plans as "absurd," noting that Bitcoin's volatility last year was lower than that of Nvidia stock (65% vs. 120%). On the same day, Senator Elizabeth Warren wrote to the SEC questioning the risks of including cryptocurrencies in retirement accounts, stating, "401(k)s are for retirement security, not gambling." Previously, the Trump administration had signed an executive order paving the way for cryptocurrencies to enter retirement plans.
Navigating Web3 tides with focused insightsTechFlow reported on January 13 that Bitwise CIO Matt Hougan dismissed as "absurd" the argument against including Bitcoin in 401(k) retirement plans, noting that Bitcoin's volatility last year was lower than that of Nvidia stock (65% vs. 120%). On the same day, Senator Elizabeth Warren wrote to the SEC questioning the risks of including cryptocurrencies in retirement accounts, stating, "401(k)s are for retirement security, not gambling." Previously, the Trump administration had signed an executive order paving the way for cryptocurrencies to enter retirement plans.
