Parents in the US Start Saving Bitcoin for Children's College

[Suba]

Reading the Bloomberg site which explains that in America the adoption of crypto is increasing, so that some parents no longer apply traditional savings for their children's college such as the 529 College Savings Plan but they are more likely to save Bitcoin for their children's future. Parents in the US also realize that Bitcoin is high risk, but they also believe that for long-term investment Bitcoin has the potential to make significant profits.

These Bitcoin savers are also aware of Bitcoin's very high volatility in the short term, the price is uncertain, always going up and down, but in the long term the Bitcoin price trend always goes up. They also assume that fiat money in traditional savings will be eroded by inflation. If you already have children, will you save Bitcoin for your child's college tuition?

 

[Augusta]

This is a great initiative so that by the time it comes for college education they have the money to run it

 

[Fidelia]

Even if it is just a $100 of bitcoin that you save at the time you give birth to a child, it would rise to be able to cover college education when the child is ready for college.

 

[King Belieal]

As long as it is long term, they are sure they would get 10 times the dollar value of they save at the minimum.

 

[Suba]

That's right, parents are getting smarter, if their child is currently 5 to 10 years old then it will take about 10 years for their child to go to college, and the value of Bitcoin has multiplied,

 

[Laurentta]

If i had children, i would also save Bitcoin for my child's college tuition.

 

[Nomad]

I have always though about saving Bitcoin for my kids but sadly I have not been able to do it. I think this is a smart move.

 

[Starmix]

That is the best decision the US parents made for their children to prefer Bitcoins as their kids' educational savings over baking.

 

[eLdavis]

This is a good one, start planning for your children now so by then the work load would be less difficult.