New Kids on the Blockchain: Cryptocurrencies in 401(k) Accounts https://t.co/DB3iR9KLrR | by @carltonfields
🇬🇧BRITS EYE CRYPTO FOR RETIREMENT FUNDS 1 in 4 UK adults say they’re open to adding crypto to their retirement portfolios. 23% would even withdraw existing pensions to invest directly. Could crypto capture a slice of the UK’s £3.8T pension market? 👀 https://t.co/CWAYLVc1kw
What happens if sovereign wealth funds, pensions, and central banks put just 5% into crypto? https://t.co/pyJgbOfrG1
A recent survey indicates that one in four British adults are open to including cryptocurrencies in their retirement portfolios, signaling a growing acceptance of digital assets within traditional wealth planning. Approximately 23% of respondents expressed willingness to withdraw funds from existing pensions to invest directly in crypto. This shift raises the possibility of cryptocurrencies capturing a portion of the UK's £3.8 trillion pension market. Additionally, developments in the United States suggest that 401(k) accounts may soon allow for cryptocurrency investments, with platforms like Binance offering features such as automated recurring purchases, yield earning, and seamless crypto spending. The potential involvement of institutional investors, including sovereign wealth funds, pensions, and central banks, in allocating even a small percentage of their portfolios to crypto is also under consideration.