Topic: Parents on childs savings bank accounts are waste of time if not saving on BTC - page 6. (Read 910 times)

Rich parents usually know what they do and I believe the majority of them won't save pure cash in banks because rich people know more about inflation, stocks and trading but that's true about middle-class parents. Middle-class usually think that cash is their friend and they should save as much cash as possible but I know many of them recently take a loan to buy an apartment for their kids, which is a good investment when it comes to stability.

Majority of people are very sceptical about Bitcoin because they only hear bad news about it from mass-media. If you ask a random person about Bitcoin, there is a high chance that they'll tell you it's scam, pyramid, the money of criminals and etc... It's sad but many parents ignore Bitcoin investment and they can't understand what a big opportunity they are missing. I have convinced my relative to buy a hardware wallet, store it securely, buy Bitcoins every month on exchange and withdraw it to the hardware wallet's bitcoin address. This is really the best investment option right now when we talk about long-term and high ROI. I believe that everyone, who wants the best future for their kids, should invest in Bitcoin instead of cash and fiat. Just pure facts, the coin has been rising since day one.

It is a reality fact that most middle class or rich parents as it may be classified, who has future plans for their underage kids usually creates bank accounts for them with designated periods of depositing funds in the account on a specific amount and also period of time.
So when the kid (s) grows up he/she can utilize the fund as desired but aimed on productive utilizations.

The expectations of the parents is to norture the kids on financial management and letting them know that storing money in the bank is the safest place so that you can be financially disciplined and also stay keep off from thefts.

Looking at this system, it is like investing on Bitcoin for a long term goal and accumulating more Bitcoin values in applying the DCAs and hodl in a specific period of time aimed to achieve a goal.

Comparing the parents motive in this digital era, such banking plans for kids is a waste of time.
For instance, imagine parents depositing the least $100 per month in the childs bank account assuming the child is 5years old, you will hold for more 13 years for the children to grow an adult before having access to the bank account.
That means the parents are funding the account on monthly basis for 13 years.

Assuming the parents applies this practice in Bitcoin investment, the parents would not only safe store the funds for the kid (s) to start up their desired life but has engaged the child in an investment whereas he/she will grows up, harvest the profits overtime and still keep accumulating and holding firmly the asset as a lucrative hope for his/her future.

Having the money stored in the bank would have it loose values considering the current economy situation and the possibilities that the future holds worsen economy threats.
Therein, the fiats are quite fast loosing values and inflation is distancing the stocks from gaining valuabilities.

If only the parents would understand the safety and productivity potentials in storing values in the digital assets as Bitcoin, then it would be better if they grow their kids minds of financial management and productiveness by redirecting them to Bitcoin instead of the banks.

Investors who had been in the Bitcoin industry for couple of years can attest the profitable rewards of holding and accumulating such assets on $100 monthly bases for 13 years or above depending on the kids age before getting things planned.