Bitwise CIO Blasts “Ridiculous” Bitcoin 401(k) Fears: “Less Volatile Than Nvidia”

Core Viewpoint - The volatility of Bitcoin should not disqualify it from being included in retirement accounts, as it has been less volatile than some traditional equities like Nvidia [1][3][5]. Group 1: Industry Perspectives - Matt Hougan, Chief Investment Officer of Bitwise, argues against the notion that Bitcoin's volatility makes it unsuitable for retirement plans, labeling efforts to block it as "ridiculous" [1][2]. - The debate over Bitcoin's inclusion in retirement accounts is intensifying, especially as regulatory changes in the U.S. are reconsidering the limitations on alternative assets in defined-contribution plans [5][6]. Group 2: Comparative Analysis - Over the past year, Bitcoin's price fluctuated between approximately $76,000 and $126,080, resulting in a 65% swing, while Nvidia's shares experienced a 120% change, falling to around $94 and rising past $207 [3][4]. - Despite the significant price movements of Nvidia, there are no calls to restrict its inclusion in 401(k) plans, highlighting a potential bias against cryptocurrencies [4][5]. Group 3: Regulatory Environment - The Employee Benefits Security Administration has shifted to a more neutral stance regarding cryptocurrencies, moving away from previous guidance that advised caution [6]. - Access to Bitcoin in retirement accounts remains limited, primarily available through self-directed brokerage accounts, placing the investment decision on individual workers [7].