401(k) Case Lawyer: The average person's goal is to have a secure and reliable retirement plan, and cryptocurrencies pose significant risks with their short- and mid-term volatility.

According to ChainCatcher and reported by CNBC, U.S. President Trump signed an executive order on Thursday allowing alternative assets such as private equity, cryptocurrencies, and real estate to enter workplace retirement plans. However, some investor rights advocates warn that while these new investments may offer tempting returns, they also pose significant risks to long-term retirement savers.

Jerry Schlichter, founding partner of the law firm Schlichter Bogard, which specializes in high-fee litigation for 401(k) plans, stated: "The average person's goal is to have a secure and reliable retirement plan, and new areas like cryptocurrencies or private equity are fraught with various dangers for investors."

Investment experts typically recommend allocating core long-term investment portfolios into diversified assets that can provide stable returns over the long term (at least several decades). Jerry Schlichter pointed out that, given the long-term upward trend of the stock market, broad-based stock index funds are appropriate 401(k) investment options.

The problems with cryptocurrencies are evident. While some cryptocurrencies have yielded astonishing returns, these assets have not been around long enough to prove their safety. "Cryptocurrencies do not have a long-term performance history, and their short- to mid-term performance is highly volatile," Schlichter said. "If you don't understand this investment, you shouldn't rely on it as a retirement asset."