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Fidelity Investments, one of the world’s largest asset managers, has announced that it will be adding Bitcoin to its 401(k) plans. This is a major milestone for the cryptocurrency space, as it marks the first time a major financial services company has allowed its customers to invest in Bitcoin through their retirement accounts.

The move is part of Fidelity’s broader efforts to provide its customers with access to a wide range of digital assets. The company already offers its customers the ability to buy and sell Bitcoin through its Fidelity Digital Assets platform, and now it is taking the next step by adding Bitcoin to its 401(k) plans.

The addition of Bitcoin to Fidelity’s 401(k) plans is a major milestone for the cryptocurrency space. It is a sign that institutional investors are increasingly recognizing the potential of digital assets, and that they are willing to invest in them through their retirement accounts.

This move is also likely to spur more interest in Bitcoin from individual investors. As more people learn about Bitcoin and its potential, they may be more likely to invest in it through their retirement accounts. This could lead to a surge in demand for Bitcoin, and potentially even higher prices.

Overall, the addition of Bitcoin to Fidelity’s 401(k) plans is a major step forward for the cryptocurrency space. It is a sign that institutional investors are increasingly recognizing the potential of digital assets, and that they are willing to invest in them through their retirement accounts. This move could lead to a surge in demand for Bitcoin, and potentially even higher prices.