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BlackRock and Fidelity cap Bitcoin in retirement portfolios at 5% due to volatility risks.

Market News
08 Sep 2026
The Currency Analytics
View Source
Neutral
BlackRock and Fidelity cap Bitcoin in retirement portfolios at 5% due to volatility risks.

BlackRock and Fidelity recommend limiting Bitcoin exposure in retirement portfolios to between 1-5% to balance potential growth with high volatility risks. Most Americans view crypto as too risky for 401(k)s, but these firms see a small allocation as a way to improve returns without jeopardizing capital. Experts advise substituting some stock exposure with crypto-related equities rather than holding Bitcoin directly. Large pension funds like CalPERS and CalSTRS prefer investing in crypto-adjacent companies over direct Bitcoin holdings, reflecting caution amid Bitcoin's history of steep drawdowns and future uncertainties like quantum computing threats.

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