Financial Institutions Are Still Betting on Crypto-Even After Getting Rekt in 2022 – Decrypt
As Bitcoin hovered around $38,000 last April- down 45% from its peak -Fidelity Investments its customers could soon add the digital asset to their retirement accounts through a first-of-its-kind offering. By the time the firm’s 401(k) product launched the following fall, the value of Bitcoin had sunk even more, hammered throughout the summer by a tightening economy and fallout from the $60 billion implosion of cryptocurrencies Luna and TerraUSD.
