Cryptocurrencies in 401(k) retirement accounts expose portfolios to high risk of decline, with the value of these assets largely dependent on investor sentiment rather than actual market usage, according to a recent report from the U.S. Government Accountability Office (GAO).
“GAO’s analysis of investment returns indicates crypto assets have uniquely high volatility—a measure of their riskiness to participants—and their returns can come with considerable risk,” said the Dec. 4 report from the watchdog.
