Which cryptocurrencies are eligible for investment through a 529 plan?

3 answers

• Dec 26, 2021 · 3 years ago
  Yes, you can invest in cryptocurrencies through a 529 plan. However, it's important to note that not all cryptocurrencies may be eligible. Each 529 plan has its own set of investment options, and some plans may choose to include cryptocurrencies while others may not. It's best to check with the specific 529 plan provider to see if they offer cryptocurrency investment options.
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• Dec 26, 2021 · 3 years ago
  Investing in cryptocurrencies through a 529 plan can be a risky endeavor. While cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained popularity, they are also known for their volatility. It's important to carefully consider the risks involved and consult with a financial advisor before making any investment decisions for your child's education fund.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we offer a 529 plan that allows investors to include cryptocurrencies in their portfolio. Our plan provides a diverse range of investment options, including popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. We believe that cryptocurrencies have the potential for long-term growth and can be a valuable addition to a well-rounded investment strategy for education savings.
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