The inclusion of cryptocurrencies in 401k retirement plans is facing scrutiny following a $2 trillion market downturn. Lee Reiners from Duke University criticized the practice, stating that 401ks should not "gamble on speculative assets." Meanwhile, BlockTrust IRA, which manages $70 million, acknowledged it failed to exit the market swiftly enough during the downturn, highlighting the risks associated with crypto investments in retirement portfolios.
Crypto's Role in 401k Plans Questioned After Market Downturn
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