To the parents on this sub, do you invest into crypto for your kids?

Cryptocurrency News and Public Mining Pools

To the parents on this sub, do you invest into crypto for your kids?

Hi guys

A parent of a 7 year old girl here, and obviously into crypto, have been around since 2014 back in the days of selling goods to China and that being a good way for them to pay got me into the space!

Around 2-3 years ago I started to invest in BTC and ETH for my daughter, I am not sure anywhere else in the world, but in the UK you get around £80 a month from the government for child care, now obviously this is supposed to help with things for your child, but I am doing fine in life so the £80 since day one has always gone into her savings bank account up until the time frame I mentioned earlier…

It has added up pretty quickly, obviously she doesn't have a full BTC or anything, but does have a decent portfolio for a 7 year old!

I was wondering if anyone else does this, the money we put into her bank becomes less and less due to inflation etc, so that is why I decided to move it to BTC and ETH, I think this is a better option for her in the future, obviously she will not be able to access the funds until I say she is wise enough to do so, but it should help buy a car and university etc…

Also before people jump in and say "you are gambling with her money and future" No, no I am not, it is not like we take the money and that is it, every month from my business I put money into her bank and the money from the government is a little side investment into something I believe will work out in the future, if it does not and goes to 0, she will be absolutely fine!

I personally think it has a lot more potential than just saving money for her in a standard bank, even though her account is an ISA and she gets like 2% a year, it really isn't great, I mean in the 7 years she has been alive, the amount in her bank has gone up, but its not worth as much as it was even 2 years ago….

Let me know if anyone else does this, quite curious to know! Its pretty fun having a 7 year old every now and then pop up with "how is my Bitcoin doing dad" haha.

submitted by /u/Funnellboi
[link] [comments]