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Published: Apr 26, 2022 5 min read

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Fidelity Investments branch
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Investors will soon have a new way to add cryptocurrency to their retirement plans.

Fidelity Investments is planning to let investors add bitcoin to their 401(k)s, according to a news release from the company. Later this year, companies that use the provider for their retirement plans will be given the option to offer their employees access to bitcoin, allowing retirement savers to bet on the digital currency via one of the country's largest retirement-plan providers.

Cryptocurrency is quickly moving into the mainstream. Around 16% of adult Americans — approximately 40 million people — have invested in, traded or used cryptocurrencies, according to the White House. President Joe Biden signed an executive order in March to establish the first-ever federal U.S. strategy on cryptocurrencies. Meanwhile, trading apps like Robinhood and crypto exchanges like Coinbase have made buying and selling crypto akin to trading stocks and bonds. Bitcoin's price per coin has climbed as high as near $68,000 and currently sits around $39,000, with an overall market value of $750 billion, according to CoinMarketCap.