Children are like clay and they will be molded the way you try to mold them from childhood. A child will develop the way you try to raise him at home but you have to be aware of how it affects him. It is one thing for children to do something of their own free will and it is another thing to force them to do something. BITCOIN EDUCATION AS AN ADULT, if you try to teach your child about Bitcoin from an early age, it may stunt his mental growth. Because Bitcoin is not for children. You must have some plans for your children so let your children grow up first. As children gradually grow up, their mental development will increase so that they will be able to understand large tasks easily. If they are taught about Bitcoin as children, they will never take it well.
Children still have a weak mentality and their emotions are still immature so they change easily and so in teaching children anything we must always put their emotional comfort first. There should be no coercion and encouragement that can curb their freedom. Because children are very easy to experience stress more than adults. And this can have fatal consequences for the psychological development of children.
Teaching Bitcoin might be better only when they ask questions and are curious. If they are not interested then we should not come forward to over-suggest them. Let them be attracted naturally. In fact, I think when we interact a lot in bitcoin, one day our children will see and feel curious. And they will start asking us to teach them.
You're right, it's a delicate balance - we don't want to stress our children, yet we can't leave them in the dark about realities like Bitcoin.
I agree, forcing Bitcoin knowledge upon them could backfire spectacularly. However, shouldn't we ensure they have at least a basic understanding of this new-age currency? It's like a scavenger hunt where we drop hints here and there, letting them connect the dots on their own.
And isn't it a bit ironic? We're worried about the psychological impact of teaching them about Bitcoin, but we're perfectly okay with the thought of them waking up to find their piggy bank savings worth next to nothing thanks to inflation.
All of this actually depends on how we teach. As long as we can teach children in a warm and pleasant situation for our children, then it's not a problem. And this teaching can only be done at an age that is sufficient to understand the value of money, saving and how to spend money.
When children are under 8 years old and usually they have started to know how to save in a piggy bank. So at this age actually if the child wants to save then we can help him with money management. I think it doesn't matter that at this age they collect fiat in piggy banks. And when it's full we can offer them to spend that money into inflation-resistant assets like gold. because gold is the most suitable for savings. But if you want your child to put the money he has saved into an investment, of course bitcoin will also be good. It's just that at that age children will not understand the risks that exist in bitcoin. like when the price drops or something. So that at that age children are just enough to get used to saving. And if they want to learn to invest then I think less risky assets are better.
At a higher age, of course, the conditions will be different. so everything is done gradually. and it is hoped that when they grow up they will start to get used to saving and investing. and slowly will also understand about low risk and high risk. As long as we teach it slowly and not in a hurry according to the correct stages. then it doesn't matter. As long as they stay comfortable with all that. because children's brains develop quickly and when they are a little stressed it can inhibit the growth of their thinking.
While saving in a piggy bank provides an early hands-on encounter with money management, the nature of fiat currency could also be a lesson in itself.
Seeing how their hard-earned savings devalue over time due to inflation could be a powerful lesson about the reality of economics. Exposing them to gold as an inflation-resistant asset is an excellent idea, although it might be abstract to grasp for younger minds.
Now, about bitcoin. Its decentralized, inflation-resistant nature and global acceptance make it a potential contender for future mainstream currency. But as you rightly pointed out, understanding bitcoin's risk-return trade-off might be too complex for a young mind.
While starting with safer assets makes sense, the eventual goal should be to help them understand that the future of money might not be physical at all. Teaching them about cryptocurrencies from an early age could give them an edge in the future economy.