Parents on childs savings bank accounts are waste of time if not saving on BTC

[RockBell]

Another issue as well that parents fail to recognise is that opening a bank account for a child, any interest earnt on that savings accounts will actually be taxed at the highest rate. In most countries children under the legal working age of 14 are taxed at the highest tax bracket (think 45% or more). The reason for this is to present adults using their children as tax havens. It's way better to put your money in crypto, you might not receive passive income from holding BTC through the form of an interest payment, but the capital appreciation will be significant.

And when you save your money with Banks’s they will even borrow out your money, it is better to invest it on their behalf because people are just getting this update now, if not people would have taken their money to bitcoin, and their is no way they will save your money and they won’t tax you it’s not possible. The tax depends on countries but if it is banks am very sure they will tax you for fees and sometimes it will be based on the amount of money you have in your bank account.  When you have bitcoins for the kids their will be an increase when the price is  going up, your money will also go up, anyone that wants to save for the child should be advised to invest in bitcoin since bitcoins is a long term investment.

[rodskee]

It is a reality fact that most middle class or rich parents as it may be classified, who has future plans for their underage kids usually creates bank accounts for them with designated periods of depositing funds in the account on a specific amount and also period of time.
So when the kid (s) grows up he/she can utilize the fund as desired but aimed on productive utilizations.

We are so lucky being  Bitcoin believers and users so we all has the opportunity to take the advantage
of the volatility of bitcoin , but parents knows best for their children meaning if they do believe in banks then
that is what they do  believe will better for them .

we must respect their decision because they know nothing about bitcoin or even if they do? what
they understand is this is a scam and never to be trusted.