Bitcoin in Your 401(k)? Better Retire That Idea Now – Bloomberg

The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco.
Simulcast of Bloomberg Television
At Austin, Texas-based Moment Motor Co., beloved vintage cars from Porsches to DeLoreans are converted into electric vehicles, making them cleaner and more reliable while retaining their classic feel
China’s Provinces Vow to Meet GDP Targets Despite Growth Slump
Rinehart-Backed Gas Firm to Boost Supply After Australia Crunch
The ‘Crying CEO’ Says He Loves His Employees — Even Those He Laid Off
ABS-CBN to Buy 35% Stake in TV5 Network, With Option for More
Coupang Raises Profit Forecast, Narrows Loss After Fee Hike
Kim Jong Un Was ‘Seriously Ill’ During North Korea Covid Surge
IRS Seeks SFOX Customer Information in Cryptocurrency Tax Push
The Snowballing US Rental Crisis Is Sparing Nowhere and No One
A Chance to See Serena Williams in the US Open Could Cost $12,000
Mark Cuban Says Buyback Levy Is Top of ‘Bad Taxes’ List
David Bowie Named Britain’s Most Influential Artist of Last 50 Years
Disney Joins the Tough-Love Club for Streaming Viewers
Police Tactics Are Chilling India’s Crypto Winter
China Says Taiwan Can Be Just Like Hong Kong. Huh?
The Work-From-Home Revolution Is Also a Trap for Women
How Employers Benefit From Offering Unlimited Paid Time Off
The Rise of the LinkedIn B2B Influencer
Seoul to Ban ‘Parasite’-Type Basement Homes After Storm Deaths
City of London Must ‘Urgently’ Tackle Class Divide, Report Says
NYC Luxury Condo ‘Poor Door’ Racial Bias Suit Tossed by Judge
California Sets Ambitious Goal to Get Power From Offshore Wind
Rhine River Could Fall Below Critical Mark, Risking Industry
The Technology That Could Stop Speeders in Their Tracks
Driving Into Manhattan Is About to Get Even More Expensive
Bedrock, USA: A County Declares the End of the Pandemic
Ja Rule Joins Celebrity NFT Ranks With HBCU Donation
IRS Seeks SFOX Customer Information in Cryptocurrency Tax Push
US Supreme Court Refuses to Fast Track Coinbase Arbitration Dispute
People should be free to squander their money, but not in their 401(k)s.
Not a great retirement savings strategy.

Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.
It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require saying.

source

Leave a Comment