In the long run, tokenisation is going to change everything.

I suppose, like most people, the most important financial decisions that I make are with respect to retirement savings. Therefore I try to stay abreast of developments in the sector. Hence I note with interest that one of the serious players in this space, Fidelity (the largest retirement plan provider in the U.S.), are launching a 401(k) cryptocurrency product. Roughly 23,000 companies use Fidelity to administer their retirement plans, and it has more than $11 trillion in assets under administration (AUA). The company says that they are responding to customer demand by offering a product that allows workers to allocate up to a maximum of a fifth of their savings to BitcoinBTC -5.8%.

Since I don’t really understand how pensions work, my decisions are delegated to a financial advisor. I like to think of myself as the pilot of my financial affairs while he is my navigator… I generally do what my navigator advises me (normally something along the lines of the “the tax taper reverse flange cut means you should invert the cash holding”) and carry on trying to keep the kite flying.

Were my navigator to suggest steering away from things like US bonds and towards cryptocurrency, however, I might raise an eyebrow since, as the Financial Times notes, while Bitcoin still “enjoys a reputation” among some investors as a hedge, it has still lost more than half its value from its high point in November last year.

Read more @Forbes

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