⭐ Merited by FatFork (1)
You're right, Trying to get your parents on board with Bitcoin can be tougher than teaching calculus to a labradoodle. Their financial universe revolved around assets like stocks, bonds, and real estate. Crypto? Yeah, it's alien territory for them.
It's classic difference between generations and it's normally. In addition, they have different time budget left than their children, grandchildren and they must have different plans for their retirement plans till their deaths.Some elderly will invest in Bitcoin but they will use limited part of money they have for this investment and the most money they have will go to traditional assets, gold, stocks, real estates.
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Part of me gets why just taking their money and handling the crypto yourself seems easier. But if we don't bring them along for the ride that first 10% drop will freak them out. Then come the frantic calls demanding you dump everything.
The Bitcoin Crash of 2021 Compared to Past Sell-OffsBitcoin Returns vs. Major Asset Classes
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Skip trying to explain private keys or 51% attacks.
Because it will nearly not likely happen so introduce it to them is not necessary and the explanation can make them more confusing and even fearful.