Changes to the Prudent Man Rule in the 1970s may have enabled crypto investments : The Indicator from Planet Money Ever thought of spicing up your 401k with crypto? Well, we leave it up for the Prudent Man to decide. On today's episode, learn about how wonky pension regulations from the '70s opened a new era of riskier investments.

The Prudent Man Rule

The Prudent Man Rule

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CARL COURT/AFP via Getty Images
A man walks past the Bank of England in the City of London.
CARL COURT/AFP via Getty Images

What if all your retirement savings were invested into crypto? Our guess is, the Prudent Man would have a heart attack.

But who is this Prudent Man, and what does he have to do with crypto investments? Today on the show, put on your disco pants and travel back to the 1970s with us. But before we hit the dance floor, discover how the niche "prudent man rule" from the Employment Retirement Income Security Act (ugh, what a boring title) changed the world of venture capital – and may impact crypto too.

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