Topic: Bitcoin for your children & future wealth distribution (Read 1029 times)

How do you plan to introduce your children to Bitcoin? More importantly what is your long term plan for passing down the wealth to the next gen?

Do you plan to make them their own cold storage wallets and start depositing coins onto this instead of say finding a college savings account etc? Or have a diverse mix in many of these baskets?

I keep thinking about setting them up for success but I am much too early right now my kids are very young and they wouldn’t begin to even understand Bitcoin for quite a while.

But I am curious because I know I should be doing so much more to prepare them for what is to come, hopefully a very well positioned future and inheritance that I can give them.

Sometimes I feel that I am doing them a disservice by contributing to a 529 savings plan as opposed to their own Bitcoin storage accounts.

Perhaps I should open their own Roth IRA accounts and just contribute to that account and direct the funding to a Bitcoin ETF so I can ensure that they will have had early exposure to Bitcoin and ensure that they all have their own accounts. Sure it’s not the same as pure Bitcoin it’s paper Bitcoin but at least the exposure is there.

I still think that passing down the wealth for your heirs with crypto will prove to be very problematic. It’s surely something that could be unevenly distributed & deviated from the wishes of the will since there are no real safeguards in place to ensure each child / beneficiary gets what has been set aside for them, right? I think this will be more of a long term solution that will come down the line, the real issue here is that having such safeguards in place could very well compromise the intent of Bitcoin in the first place. These answers I believe would be achieved through custodial methods, or how else could one achieve this goal??

How do you plan to introduce your children to Bitcoin? More importantly what is your long term plan for passing down the wealth to the next gen?

Do you plan to make them their own cold storage wallets and start depositing coins onto this instead of say finding a college savings account etc? Or have a diverse mix in many of these baskets?

Listen, the best bargain is ensuring our children's future. And starting early, demonstrating to children the value of wise financial decisions, is quite important. Now, Bitcoin is flashy, the planet is humming, and yes, it might be huge. But its not a sure thing. We gotta teach our kids that.

It goes beyond mere financial gain. Its about wisdom. Its about understanding how the world works. The market swings both upward and downward. Its like life itself. Not only the sunny days; we also have to equip our children for the storms. Teach children how to manage risk, make wise decisions, and that will be a lesson they carry always. Its a lesson for life.

Listen, the best bargain is ensuring our children's future. And starting early, demonstrating to children the value of wise financial decisions, is quite important. Now, Bitcoin is flashy, the planet is humming, and yes, it might be huge. But its not a sure thing. We gotta teach our kids that.

It goes beyond mere financial gain. Its about wisdom. Its about understanding how the world works. The market swings both upward and downward. Its like life itself. Not only the sunny days; we also have to equip our children for the storms. Teach children how to manage risk, make wise decisions, and that will be a lesson they carry always. Its a lesson for life.

When we becomes parents, we must make a plan for our future, especially for our children. We can not lets them without any preparation because they will not be ready with what they will do in the future. If we can starts to have investment from now and teach our children all things necessary, they will have a chance to survive in the future and even they can develops more than us. With starting to investing for our children future, we prepare their future better than us and we can also teach them to do what we did to their children. Bitcoin investment is a good thing for them but we must tells them that Bitcoin investment have its risks so we must teach them how to manages the risks. So that can helps them to use Bitcoin as something that can change their life better in the future.

I think the future generation would know Bitcoin as they know of money. There might not even be a need to teach them because they will learn it anyway. You cannot not learn it. Decades from now, Bitcoin is probably a very popular and widely accepted alternative currency.

Anyway, I guess it's enough for me to prepare a bright future for my children. Whether I'm preparing Bitcoin for them or real estate assets or a business or stocks doesn't matter much. What matters more than anything else is that I'm doing my part to the best of my abilities to make sure they have a good life.

You're wise to consider Bitcoin for your kids' future. Yes, it has great promise. Good to hear you're considering cold storage versus a 529. We need forward-thinking like that. Diversification matters. Even with Bitcoin, dont put all your eggs in one basket. Mix it up. Buy gold and Bitcoin ETFs. Put some Bitcoin in cold storage too.

Many worry about passing on this riches, which is understandable. Dont worry too much. We'll find solutions shortly from the brightest minds. Although Bitcoin is revolutionary, they'll figure out way to obey your wishes. Start now. Your kids will get Bitcoin eventually. They'll be ahead when they do. The goal is to educate kids financial independence and give them a head start in a fast-changing world. Winners do that. They win by adapting and learning.

We future generation are very Small so no such plan. It should definitely be our plan to hand down bitcoins to children in the future. By investing by investing so people may have problems in the future so there should be a plan in advance and they will manage the next of course the children can do. From the beginning when you raise a child he will have enough experience with Bitcoin so he can easily catch up with Bitcoin instead of you so when your child reaches the appropriate age you should introduce him to Bitcoin so that he can manage yours well. But keeping in mind that Bitcoin is a risky era, we must make all our decisions when investing in Bitcoin, just as we invest in Bitcoin with a long-term plan and check the market.

How do you plan to introduce your children to Bitcoin? More importantly what is your long term plan for passing down the wealth to the next gen?

Do you plan to make them their own cold storage wallets and start depositing coins onto this instead of say finding a college savings account etc? Or have a diverse mix in many of these baskets?

I keep thinking about setting them up for success but I am much too early right now my kids are very young and they wouldn’t begin to even understand Bitcoin for quite a while.

But I am curious because I know I should be doing so much more to prepare them for what is to come, hopefully a very well positioned future and inheritance that I can give them.

Sometimes I feel that I am doing them a disservice by contributing to a 529 savings plan as opposed to their own Bitcoin storage accounts.

Perhaps I should open their own Roth IRA accounts and just contribute to that account and direct the funding to a Bitcoin ETF so I can ensure that they will have had early exposure to Bitcoin and ensure that they all have their own accounts. Sure it’s not the same as pure Bitcoin it’s paper Bitcoin but at least the exposure is there.

I still think that passing down the wealth for your heirs with crypto will prove to be very problematic. It’s surely something that could be unevenly distributed & deviated from the wishes of the will since there are no real safeguards in place to ensure each child / beneficiary gets what has been set aside for them, right? I think this will be more of a long term solution that will come down the line, the real issue here is that having such safeguards in place could very well compromise the intent of Bitcoin in the first place. These answers I believe would be achieved through custodial methods, or how else could one achieve this goal??

i don't make a special plan to introduce bitcoin to my child, maybe what i will do later is introduce it in the usual way and if he is interested in it then he can learn it and inherit the knowledge and assets that i have. because i am not the type of parent who forces their will on their child that they must like/inherit what i have, if from the beginning i see that my child does not like it, then i will not force him to learn more about bitcoin. but if he likes it and wants to learn, then he is free to ask what he wants to know about bitcoin and he might inherit the assets that i have.

and also if i see that he only wastes money, and does not care about financial management, then maybe i will not let him inherit my bitcoin and maybe i will make someone else who understands it better to handle it, because my assets are too valuable if they fall into the hands of ungrateful people.

I have a plan for my children in time coming and I have to create a new wallet and back it up with a device where the phase code or private key will be saved for a long period of time, and buy few alt-coins, including Bitcoin and hold for them, especially alt-coins that has already established in the cryptocurrency market that we keep existing for next 15 to years to come.

I have a plan for my children in time coming and I have to create a new wallet and back it up with a device where the phase code or private key will be saved for a long period of time, and buy few alt-coins, including Bitcoin and hold for them, especially alt-coins that has already established in the cryptocurrency market that we keep existing for next 15 to years to come.

I also have the desire to introduce Bitcoin to my child and pass on to him my knowledge of it - that would probably be a very good thing when you see how the child you are raising knows Bitcoin and understands it, maybe he is even more knowledgeable than me.

I also have the desire to introduce Bitcoin to my child and pass on to him my knowledge of it - that would probably be a very good thing when you see how the child you are raising knows Bitcoin and understands it, maybe he is even more knowledgeable than me. But that's just my wish, because he's still small right now and it's not appropriate to introduce Bitcoin at his current age, maybe later when he's older and understands technology better I'll consider introducing Bitcoin to him. If he likes it maybe I'll teach him and consider investing Bitcoin specifically for his future investments.