Cryptocurrency for Your Children’s Future: Unobvious Reason to Invest in Crypto

We’re accustomed to associating cryptocurrency investments with either instant wealth via short-term trades or crafting strategies for long-term passive income. Because blockchain technology is relatively young and cryptocurrencies remain a volatile resource, causing skepticism among many people. Rarely someone would consider linking it to savings for their own children. However, this perspective isn’t as absurd as it may initially seem. Why? Let’s figure it out in our new piece.

Cryptocurrency for Children

According to a recent study by the Pew Research Center, about 90% of Americans are familiar with cryptocurrency, yet most are still unsure about its security. Nonetheless, approximately 40% of U.S. citizens own crypto assets in 2024:

Saving money for the future of children is a common and understandable practice. Many parents open accounts in banks where they save funds for their offspring’s college education, purchasing property, or a vehicle.Recently, decentralized systems have joined traditional ones — adults create crypto wallets not only to transfer money to their children but also to impart skills in handling cryptocurrencies and the digital market. This favorable attitude towards crypto assets demonstrates a global trend of widespread adoption.

Invest and Forget

The primary reason for choosing cryptocurrencies as a financial cushion is the devaluation of traditional currency. Secondarily, the active development of the decentralized sector plays a role. Even amidst the challenging crypto winter of 2023, many investors are not ready to return to the traditional centralized market.

Most parents note that cryptocurrency deposits are convenient from a “set it and forget it” standpoint. Indeed, while crypto exchanges now offer various services for the fastest and most comfortable exchange, they may not be suitable for daily use for the average user.

If you’re not a crypto trader, investor, or entrepreneur, diving into the Crypto World isn’t a top priority for you. For the majority of the population, distant from crypto entrepreneurship, keeping money in a crypto account means shielding oneself from the temptation to use them. After all, cashing a dollar check at the nearest bank or transferring funds from a digital account is much simpler and more familiar than crypto transactions for withdrawal into fiat.

How Children Advance Cryptocurrency?

According to the same study, we can highlight the next points:

• Over 45% of parents in the U.S. acquired crypto assets as an investment for their children’s future;
• Another 40% have not yet bought cryptocurrency but plan to do so specifically for their children;
• The main reason parents buy crypto assets for the benefit of their children is their belief that their value will increase in the future, making it a successful investment;
• Among other reasons favoring cryptocurrency for future investments, depreciation of traditional currency is named;
• Over 80% of parents are confident that cryptocurrencies will be more in demand in the future than they are now.

Against this backdrop, analysts have concluded that children are becoming the best way to promote cryptocurrencies worldwide. Concern for their interests pushes users to explore the world of decentralized finance and open new crypto accounts, even for those uninterested in crypto trading and commerce.

Top 5 Reasons Why Parents Should Invest in Cryptocurrency Now

Long-Term Potential of Cryptocurrencies

The unstable global economic situation in recent years has undermined trust in the traditional monetary system. A significant percentage of users have thus shifted to the decentralized digital finance sector, while others prefer to store their savings in both formats.

Some experts in crypto investment regard crypto assets as a good long-term investment, ideally to be held for at least 10 years. This might be a good strategy for investing in a child’s future.

Financial Literacy and Education of Future Generations

One of the tasks of modern parents is to provide their children not only with means but also with skills for the future. As cryptocurrencies become an integral part of our lives, and according to experts, their influence will only grow in the future.

The Perfect Scarcity

The issuance of cryptocurrencies is not limitless. This fact encourages using the benefits of new assets to the fullest while there is still such an opportunity. Frank Corva, a senior analyst for digital assets at Finder, speaks positively about investing in Bitcoin and predicts a significant price increase by 2030, all thanks to the limited number of coins.

Increase in Returns

Diversifying assets across various channels is an excellent move for “passive enrichment.” Small amounts might yield a small percentage of income, but nevertheless, it would be there. This is the most convenient option — low risks, secure storage, and bonuses.

Expansion of Horizons in the Future

Investing in real estate or education for children — these strategies have long been familiar to many. They worked to preserve financial resources 20, 30, and 40 years ago and continue to work now. But with the emergence of cryptocurrencies, more and more people are contemplating new, not yet fully explored prospects. Typically, parents want to give their children the best, and it’s entirely possible that the best lies within the crypto industry.

Conclusion

The reasons for considering cryptocurrencies as part of a financial strategy for the next generation are multifaceted. From the potential for long-term growth to the opportunity to impart financial literacy, cryptocurrencies offer avenues for both financial security and educational advancement. Moreover, the limited supply of certain cryptocurrencies adds an element of scarcity that can drive value over time. Cryptocurrencies continue to integrate into our lives and strengthen their influence with each passing year.

If you want to learn more interesting facts about crypto then check out our blog! You might like our articles “Monero vs Bitcoin: Which Cryptocurrency is Right for You?” and “Authorization vs. Success Rates”.

The easiest way to buy, sell or exchange coins is to use SimpleSwap services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

Originally published on our Publish0x blog.