Currently April 2020 and Bitcoin is almost 11 years old. Bitcoin has its up and down, but it had gained popularity over the years as alternative investments to the traditional market like stocks, index funds, 401k, and so on. The technology behind Bitcoin is blockchain, and it is no doubt stable, real, transparent, and so on … Bitcoin is running on the blockchain.
So the question is, is teaching kids to save Bitcoin as investment is a good idea? I think so. Because in the early day year 2009, Bitcoin price as at 10 cent then $1 then $10 then $100 then $1000 then $10,000 then $20,000 dropped down to $10,000 down to $2,500 then stabilized at $6500-$7000 for a long time now. Today with the pandemic going on (covid-19 coronavirus) Bitcoin still doing better than stocks and other investments. Bitcoin now also have the similar trend as stock market or better, meaning it’s being welcome to the world of investment, stock down, bitcoin slight down, stock up, Bitcoin up big time … so why get at least 1 bitcoin for you kids 10-18 years later it might have more value than the traditional college fund. However there are risk that Bitcoin may not be going any higher, no one really know, so is stocks and other investments we never know, could we have another pandemic like this (covid-19 coronavirus)? you betcha! there will be chances of another big crisis like this covid19 coronavirus no doubt, so as you can see there are risks everywhere everything, so why not with Bitcoin. Just invest safely, don’t sell your house like others people and put it all into Bitcoin, it’s like betting your house on a gambling table 50/50, probably not a good idea.
“On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.”
“Because Bitcoin is on the internet, they are even easier to steal and much harder to return and trace. Bitcoin itself is secure, but bitcoins are only as secure as the wallet storing them. Investing in bitcoin is no joke, and securing your investment should be your top priority.”
“Cryptocurrencies are much easier to own than stock. Even though most investors and traders do purchase a derivative of stock, the stock itself is not with the user. This means to properly own stock, you cannot just purchase the asset on an exchange. … With cryptocurrencies, the process is usually much easier”