Electronic currencies, most notably bitcoin, have produced a lot of consideration this 12 months. Must cryptocurrencies be an option for 401(k) contributors?
12 months to date, bitcoin is up about 37 %, beating the stock current market, as calculated by the S&P 500 Index, by significantly (up 17.6 p.c as of July 29, 2021). What is not seen, nevertheless, is the wild ride that intervened. Bitcoin achieved an all-time high of $64,829 on April 14, 2021, in accordance to CoinGecko (tinyurl.com/ax3p5hh9). On July 29, bitcoin traded between $38,349 and $40,409 (see CoinDesk: tinyurl.com/mj9nceee).
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