More investors will soon be able to add bitcoin to their 401(k) accounts.

The retirement giant said employer interest spurred the move.

More retail investors also see bitcoin playing a bigger role in their long-term investment strategy.

People walk past a Fidelity Investments building in the Financial District of Lower Manhattan, New York City.

No Interest Til Almost 2027?

Its going to take a powerhouse like Fidelity to get other big players on board.

It could serve as a major rally for bitcoins price later this year.

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Enthusiasts may be bullish, but bitcoin remains highly controversial as a long-term investment.

Regulators have also signaled disapproval about making cryptocurrency available to 401(k) participants.

Theyre the ones that will actually be on the hook if it goes south.

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And what should you know before investing?

you gotta verify it fits in with your long-term financial goals.

Some people believe in the blockchain technology bitcoin pioneered.

Others simply want to diversify their portfolio with a new yet increasingly mainstream asset.

You should also consider how much you want to invest.

The closer you get to retirement age, the less risk you generally want to take with your portfolio.

Thats because you have fewer years to recoup money if your investments tank.

Having (bitcoin) in a retirement account by definition makes it a long-term investment, Blumberg said.

But deciding whether to invest in cryptocurrency also depends on your own personalrisk tolerance.

Having a cashemergency fundand minimal debt is just as important as creating a clear investment plan.

Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder.

Probably not as good as youd like.

It always seems like an uphill battle to build (and keep) a decent amount in savings.

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