Digital assets is not something that Janet Yellen would recommend to people who are saving for their retirement.
Janet Yellen – an American economist who serves as the 78th US Secretary of Treasure – believes people should not rely on investing in cryptocurrencies as part of their retirement strategy. In her view, the asset class is “very risky,” while Congress should advise broad society about the danger.The American politician Janet Yellen does not fit the bill as a proponent of the cryptocurrency sector.
Additionally, the Treasury Secretary opined it would be wise if Congress observed the matter and explained which assets could be added to retirement options, such as 401 plans:Janet Yellen. Photo by CNBCannounced it will enable investors to add bitcoin to their retirement 401 plans. Dave Gray – a top executive at the firm – explained the company’s decision:
“Fidelity believes that blockchain technology and digital assets are going to be a much larger part of the financial industry’s future.”The American has touched upon the cryptocurrency industry numerous times as her opinion has been predominantly negative.
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