79-year-old 401(k) retirement firm CEO admits owning Bitcoin

Group 1 - Digital assets like Bitcoin are gaining popularity among younger generations, while older Americans prefer traditional financial instruments like 401(k) accounts [1] - There is a growing acceptance of digital assets in the retirement savings industry, with the current U.S. administration considering alternative assets for retirement accounts [2] - President Trump signed an executive order on August 7 to allow 401(k) retirement savings to be allocated to alternative assets, including cryptocurrencies [3] Group 2 - Abigail Johnson, CEO of Fidelity Investments, has been leading the firm since 2014 and has introduced crypto investments since 2018 [4] - Johnson personally owns Bitcoin and considers it the "gold standard" of the crypto market, expressing comfort with the asset for the long term [5][6] - At the time of writing, Bitcoin was priced at $92,476.19, reflecting a 1.6% decrease in a day [7]