Cryptocurrencies and Private Market Assets in 401(k)
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Trump (executive) order will allow alternative assets like cryptocurrencies, private equity in 401(k)s
Not entirely new. The IRS issued an opinion letter in 2020 (in Trump's first term) saying alternate, private market assets may be permissible in 401(k) and other "defined contribution" plans. This guidance was later reaffirmed under the Biden administration.
So, are you excited to find out that you will soon be able to trade cryptocurrencies in your 401(k) accounts?
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Doesn’t really fit the profile to be a strong 401K staple. I’m happy to say that I recently pulled all of the money that I had personally invested into Crypto, and still have an account worth twice what I actually put into it….
The Brad
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Doesn’t really fit the profile to be a strong 401K staple. I’m happy to say that I recently pulled all of the money that I had personally invested into Crypto, and still have an account worth twice what I actually put into it….
@LuFins-Dad said in Cryptocurrencies and Private Market Assets in 401(k):
Doesn’t really fit the profile to be a strong 401K staple. I’m happy to say that I recently pulled all of the money that I had personally invested into Crypto, and still have an account worth twice what I actually put into it….
Bet it isn't earthshakingly large. I think i bought some bitcoin quite a few years ago but can't find any documentation of it. It was like $5.
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@xenon said in Cryptocurrencies and Private Market Assets in 401(k):
Doesn't the almost make private equity public equity?
Still not tradable though. And will look misleadingly stable in someone’s 401k when in reality the underlying value will be all over the place. (Cliff Asness calls it ‘volatility laundering’)
