Not all parents understand about bitcoin, they are more likely to be afraid because the value that can fluctuate at any time is what parents want, especially lower middle class people have no experience with any investment, so the way they choose is to save money in the bank or make deposits with the APY they know.
That's a safe way for parents to save assets for their children even if they ignore the rising inflation.
Whereas we, the easy generation, understand enough about bitcoin to choose this path instead of saving money in the bank because we have learned a lot about bitcoin the meaning of financial freedom.
Bitcoin will be much better for children's funds for future education or pension funds prepared from now on.
Parents must not only understand about bitcoin, or saving, or investing in general, but they must educate their kids about finances as well. What is the point of running a child savings account, if the kid withdraws and spends all of them when he turns 18. Also parents must be very confident in banks. For example my grandmother during Soviet times was saving money on "
passbook" for many years, and with time redenomination has happened and 1000 turned into 1. Banks can go bankrupt. People must be very cautions with savings.
Parents always have the desire to educate their children to manage money because it is important for their children's future.
Usually parents will not give a savings account to their children when they are 18 years old, it is still the parents who must hold it, the parents' job is to pay for education until it is completed after the child enters the workforce then the burden of the parents has been released, they are now only preparing for their own retirement funds.
Even though there are cases where banks go bankrupt and customers cannot withdraw their money, it will become public unrest, but banks are still trusted by many people to keep their money there, because many financial advisors to save in banks rather than in bitcoin.