Editorial Board
Crypto in Retirement Accounts? Are You Kidding?
People should be free to squander their money, but not in their 401(k)s.
Not a great retirement savings strategy.
Photographer: David Paul Morris/Bloomberg
Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds.
It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require saying.