Another issue as well that parents fail to recognise is that opening a bank account for a child, any interest earnt on that savings accounts will actually be taxed at the highest rate. In most countries children under the legal working age of 14 are taxed at the highest tax bracket (think 45% or more). The reason for this is to present adults using their children as tax havens. It's way better to put your money in crypto, you might not receive passive income from holding BTC through the form of an interest payment, but the capital appreciation will be significant.

Can you tell me which country has a tax rate of 45%?

Wouldn't the tax rate be imposed after they get income to their savings? While parents who save in the bank there is no tax, even if there is, it will not be too high.

That not everyone knows how safe it is to save bitcoin, and moreover don't put all the money in bitcoin, it's better to invest bitcoin and keep a little money in the bank for your monthly needs.

That's the thing with Bitcoin. If you're going to hold it for so long, the capital appreciation is there and the value of the Bitcoin that you're holding right now will increase in due time. It's designed to increase in value due to its limited supply and with its halving, etf and demand. While we can't break people's confidence through saving in the banks and that's what they think is the right thing to do. There's nothing wrong with that but they shouldn't expect a lot with the appreciation that they'll get from it when the time comes and their holding matures.

Op i get your logic and this situation is the same as a pension fund, before it is time to spend it in ~ 15-20 years, the money is already worth nothing due to inflation affecting fiat currencies. However, i can understand the parents, who might not want to take any risks in what they are saving for their kids' future, so they might not be ready to buy BTC, so i can recommend that they buy assets that have low risk, which surely would come with low rewards, but still better than keeping it in fiat and losing all of its value before it is time to spend it.

If we are to analyze this, it means that if a person was to invest $100 monthly for 13 years (i.e 156 months), it means the investment could have amount into $15,600 as the capital, of which im still sure when the bank would have deducted it's capital long term savings fees of probably 10% (i.e 1,560), the child is likely to have been left with just $14,040

Whereas, if that same $100 was to have been investment in Bitcoin 13 years ago when the value of Bitcoin was around $30 to $150 per BTC, by now it's value would have amount to approximately $50,000 to $65,000 today. Hence, why Bitcoin investment should always be prioritize whenever it comes to long term investment.

Right from time the government and the banks has been working hand in hand to ensure that bitcoin doesn't become legalized in all the countries in the world because they are not in control of bitcoin, the transactions and the people making the transactions, moreover if bitcoin becomes generally acceptable it will help to checkmate their level of accountability to the people that's why they don't wanna allow you guys have access 5o Bitcoin and make transparent transactions.

The government understands that the existence of Bitcoin if generally accepted cannot totally eradicate Fiat completely because people will still need to make some transaction and bank will continue to make their profit from their daily charges they take from people's money but a lot of things are going to be exposed and some level of money laundering and some other hidden things won't be easily done by some government officials that's the more reason why they are doing everything possible to make sure that people keep seeing Bitcoin and Bitcoin lovers as evil. The government want to keep controlling people they don't want people to have total control of their funds so that they won't depend solely on government because if most people have total control of their own money they may decide to challenge the government some day. A typical example of my point is my country Nigeria, the youths are mostly bitcoin believers that's the more reason why the government is against it over there because they are corrupt and youth decided to speak up few years ago even though they didn't end up in a good way.

Yes, dont only focus on a single point on which this one would really be the key on which you could somewhat assure yourself that you could be having that multiple sources in the moment that you would really be needing those things. This is why it would really be that recommended that you should really know on what are the things that you should gonna do since we are talking about future of our kids then it would really be that wise that we should really be that putting up focus on which one would really be that worth. Yes, fiat would really be having that decreasing value as years passing by because of inflation but we do know that majority would really be that still trusting fiat among the rest. For those who do know about Bitcoin or crypto then they would really be having that another approach on which this is something considerable as well.

The thing on here is that you do know about the risk involved when dealing up with crypto. You should know that there would be no guarantees about having that kind of good value in the future.
Everything would really be still that speculative.

Being confident on bitcoin is a good thing but being over confident about it is not a good thing.
Investing in bitcoin for your children is a good thing but keeping bitcoin as the only investment for future of your children is again a bad idea.
So you need to balance it out and diversify your investments.

Nothing is without downsides, everything that has benefits has some downsides and that's the case with the crypto market and BTC.

When the market goes up you get profit and when the market goes down you can also face losses but I still consider Bitcoin more reliable than altcoins. Money kept in banks does not give profit for years but money invested in Bitcoin gives you some main or double or triple profit in years, but Bitcoin is not something that you buy and forget.

If you have bought Bitcoin then you have to keep an eye on the market you should know when the market is up and you should sell, from here you can earn profit. Don't think of Bitcoin as a bank, but think of it as a trade. Once you sell, then you have to buy it again at a reasonable price.

However, do your research before doing anything.

I agree that by continuing to save and increase BTC ownership, especially when the current conditions will be quite beneficial in the future and the fact is that people who already have a lot of money and have a strong trust and understanding of the great potential in BTC in the future will certainly not waste this opportunity to prepare for the twilight of the future.

The important point here that I want to say is caution, having a strong mentality and more or less we are required to understand the type of investment that has the potential in the future as well as the risks because the results in investing are always two whether it will be profitable and enter a state of depression, Well, if I read the direction of your discussion like this, BTC is the solution in this case.