Crypto (Bitcoin) and children personal Finance Education

[Finestream]

I’m certain the next generation will be more exposed digitally but I think teaching children cryptocurrency at an early age is too much workload to put on them. Kids should be allowed to be kids, and not put under the pressure of adulthood at an early age. There’s so much happening in the world today that would make a parent worried, teaching my kids bitcoin isn’t top priority for me now. Hopefully by the time my kids are all grown up crypto would have been integrated into the system.

Yes, if we think we are advanced right now, for sure the next generation will still be ahead of us, as they will have better technologies than us and will be exposed more on it particularly with cryptocurrency. But since my kids are still very young and teaching bitcoin and the whole thing as early as now will only make their life complicated so I don’t want them to learn abruptly on bitcoin. I’ll let them learn on their own when it’s the right time. Maybe for now, saving is what I have to teach them since they can eventually start it even at an early age and benefit from it in the future. That is my way of teaching them how to be financially independent and stable when they’re all grown up and build their own family.

[Sanitough]

OP. Good start. I am a parent myself, and while the child receiving pocket money does not understand its value and spends it on all sorts of crap, as soon as he grows up, I will certainly begin to tell and show materials about Bitcoin. Now that my child has his childhood, I believe that this is its greatest value, and I do not prevent him from enjoying it. In life, everything should come gradually. As he grows up, he will understand, of course with our help, that it is time to think about the future. But I agree with you that parents can help the future of children by starting today to buy bitcoins in a wallet created for them. However, it is reasonable to do this regularly if the family has no other material needs and there is money that can be saved.

Yes. If you have extra money to invest, investing in bitcoin could be a great option and then let your child learn from it through observation and application later on. But of course, I would only do this when my child is already mature enough that can easily understand about investments. Otherwise, forcing him to learn about bitcoin when he’s still in a playtime age, that would make him deprived from his own interests. While financial education is better when taught at an early age, but I also think it also depends on the knowledge level and interest of the child so that he can grasp better understanding from bitcoin investment.

[Dr.Bitcoin_Strange]

Children are the Leaders of Tomorrow, the way you train your child it will be the way it will grow.
My parents told me this has I grew up to adolescent stage.

In my religion, there's a quotation from the holy bible that says, "Train up a child in such a way that when they grow, they shall not depart from it." Even in my primarily days in school, we sang a poem titled "Parents, listen to your children" (I am lucky to still find a similar song on YouTube: https://youtu.be/oddBTXeU150).

I am a single father 🤠 and at least I know the potential of giving a listening ear to children and teaching them the best way of life, because if we don't guide them, they can be easily misled by their friends and environmental influences. 

Do We keep the money in bitcoin for them?

That should be a CAPITAL YES, the money should be kept in bitcoin and when they are growing up, you teach them how to use the wallet gradually until they become perfect.

IMO, yes, it should because the bank has lots of issues. When a child's account is created, parents start saving on behalf of the child, but when the child is fully grown into an adult, like 18 years of age, they are required to visit the bank and file in more information about themselves again. I don't know if the procedure is the same in other countries.

The value of the savings does not appreciate, and if it's in a country where the value of their local currency is depreciating, and with the harshness of the economy, it really makes no profit to save money in the bank for our children.

In this digital age, where the knowledge of crypto currency is vastly spreading, parents are now teaching their children about Bitcoin, and schools are emulating the trend and allowing the students to learn about crypto, I think every parent should embrace it. 

[Ndabagi01]

As much as we all hope for widespread bitcoin adoption, I believe that making it mandatory for children to learn bitcoin at a young age is a good thing. But first and foremost, it is critical to first teach them how to learn internet security. You haven't learned anything if you can't protect it from being breached or infiltrated by hackers, no matter how good and hard you've worked for it.

We live in a digital age, and new technologies are constantly emerging, I'm sure your child will have heard of bitcoin by the time he or she is of legal age (18). It is a gradual process, and I am hopeful that it will be included in school curriculum soon so that all students are aware of it in the coming years.

[_BlackStar]

In this digital age, where the knowledge of crypto currency is vastly spreading, parents are now teaching their children about Bitcoin, and schools are emulating the trend and allowing the students to learn about crypto, I think every parent should embrace it.

Not mandatory, it's really not mandatory. In my case, bitcoin is not a legal currency to use as a means of payment ^{[at least for now].} I am under no pressure whatsoever to be able to tell kids or anyone else that bitcoin is a currency, but I am inclined to say that it is one of the best assets for future investment. So the first lesson I think for them is to understand how money can make money, meaning they have to learn about investing regardless of what they believe will be profitable.

[DiMarxist]

In this digital age, where the knowledge of crypto currency is vastly spreading, parents are now teaching their children about Bitcoin, and schools are emulating the trend and allowing the students to learn about crypto, I think every parent should embrace it.

Not mandatory, it's really not mandatory. In my case, bitcoin is not a legal currency to use as a means of payment ^{[at least for now].} I am under no pressure whatsoever to be able to tell kids or anyone else that bitcoin is a currency, but I am inclined to say that it is one of the best assets for future investment. So the first lesson I think for them is to understand how money can make money, meaning they have to learn about investing regardless of what they believe will be profitable.

_BlackStar I might disagree with you on the point that bitcoin is not a currency then what is a Currency from your own perception? Can I use chair to buy another goods in the digital market? Of course no, but I can use bitcoin to but goods online. So what a Fiat currency can do bitcoin also do online even those countries that has not taken bitcoin has a legal tender is still using bitcoin as p2p to buy one thing or the other. Like example, a friend might need a particular thing but there is no physical cash and he has BTC so he will tell his friend to give him the thing and further BTC to him and that is buying.

Therefore, I still believe that bitcoin is a digital currency.

DiMarxist