Most Americans See Cryptocurrency in Workplace Retirement Plans as Risky Investment

A recent survey conducted by the National Institute on Retirement Security has revealed that most Americans are wary of cryptocurrency being offered as an investment option in workplace retirement plans. The survey found that 77% of respondents consider crypto to be a risky investment, with 46% describing it as 'very' risky. This skepticism is echoed by 53% who oppose employers offering crypto as an investment option.

The survey also highlighted the growing concern over retirement security in the US. A staggering 80% of Americans believe that the country faces a retirement crisis, while 77% cited debt as a significant barrier to saving for retirement. This may explain why workers are hesitant to place volatile assets like cryptocurrency inside their retirement accounts.

However, not everyone is convinced that crypto has no place in retirement plans. Federal policy makers have been working to expand access to alternative investments, including digital assets. In May 2025, the Department of Labor rescinded guidance urging fiduciaries to exercise 'extreme care' before considering cryptocurrency options in 401(k) plans.

The shift towards greater crypto inclusion is also driven by a maturing market. The SEC's approval of spot Bitcoin exchange-traded products in January 2024 has given investors a regulated vehicle for accessing Bitcoin without direct wallet custody.