Post
Topic
Board Bitcoin Discussion
Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION
by
Macoach
on 29/08/2023, 21:55:59 UTC
It's cool that Bitcoin can be passed down like an inheritance. But it's not as easy as it seems. It's something to think about, even though it might seem like bad news. I understand that I didn't know what would occur with my small but growing Bitcoin savings if I died suddenly. This is a topic where we should face reality and find a solution. People who are new to Bitcoin might not be thinking about what could occur to their Bitcoin if they were to pass away unexpectedly.

I have read through many comments. Someone talked about
✅paper wallet,
✅Keeping a hard wallet with a lawyer and giving access to children after their departure to the land of the silent.
✅Another person also suggested teaching their wife's the know-how.
✅And many more suggestions, this suggestions are good but here are my view on each of them.

Oh, wouldn't it be cool if a big platform added a time capsule thing? I could put away some crypto that I can't touch until a certain date. And then I could even send this capsule to someone.I could also create wallets and keys for my kids, but they wouldn't be able to use the crypto until they're 18. Haha, it'd be neat if I could give them a certain amount of Bitcoin for their birthdays every year for 30 years.

I believe we shouldn't just figure out how to give it to our kids or future generations, but also show them how to use Bitcoin properly so they can handle it well after we're no longer around.