Quote from: Odusko on January 29, 2023, 10:23:55 AM

Quote from: ilovealtcoins on January 29, 2023, 09:54:14 AM

Quote from: Merit.s on November 07, 2022, 07:49:19 PM

When this child becomes a teen in high school this money must have accumulated to a reasonable amount which is used to support the child to either further his education,start up a trade or learn a skill. Fiat currency is fast depreciating because of inflation, why don't you buy Bitcoin Holdings for your child from infant and do all his savings in Bitcoin so that by the time the child becomes a teenager, Bitcoin price might have hit $500k and above. This way you can have a long term holdings in Bitcoin.
What is your opinion on my suggestion, is it a guarantee for the child's future and will enable you to benefit from Bitcoin ?
Grin

This is a very good idea, instead of us saving with a bank account with a low interest rate, save with bitcoin. We will have a better chance to earn bigger profits when our children grow up, we will be able to give them more wealth if we save in bitcoin. But bitcoin is still a pretty risky asset so it still needs to be carefully calculated in case bitcoin disappears in the future.

So I was in the bank the other day and enquiring how I can open a saving account for my👶 infant child 🧒 and the bank official gave me some conditions that I was not ok with and they based the condition on the fact that my child does not have a national id since she is under age putting a long period of only deposits no withdrawal and a low-interest rate.
This got me discouraged and I just bought Bitcoin with the money and held it for her till she is mature enough to control her wallet and securities.
Bitcoin is the best store of value for the future and our kids need to have savings in that future.

But like I said, bitcoin is still risky, and the possibility of bitcoin disappearing in the future is there, although the probability is low. I think you can both save bitcoin and save with other assets like gold, silver... all of which will be more valuable in the future than fiat money. I will also plan to do it for my children when I can.