Same thing also applies to the elderly as I've also read news of people trying to get some retirees investing their pensions into crypto rather than advising them to relax and enjoy their pension and I really wanted to know if it's wise to get kids and elderly into the crypto industry.
I don't think it's a good idea to get retirees to invest large sums of their savings into crypto currencies. Bitcoins are still volatile and when you are old it's very hard to plan ahead. You could become sick suddenly and need money for your care. When all your savings are in bitcoins you could before forced at very unfavourable prices. Better to have only short term savins accounts. Something else would be if you plan to leave money for your children and grand children. Then we could leave them bitcoins and other crypto currencies, we only need to make sure that they know how to access the wallet and will not lose it.