It is very important to use diversification in investing, you cannot keep all your capital in one asset, because there is a possibility of losing everything. In addition, if you decide to invest in a high-risk asset, you must understand that the probability of losing your money will be higher, and if we are talking about Bitcoin, then you need to take into account its cyclical nature and in order not to find yourself in a situation where your investments lose -30% or more, choose the right one time to buy and don’t delay selling, because greed can play the same cruel joke if you don’t sell Bitcoin on time.

I agree with this educational style and Warren Buffet did not let his children knew about his super wealth..

If we give them great fortune, and let them know about this inheritance when they are very young, they will lack of motivation to learn, get an occupation, find job and work as a normal citizen in society.

Educate them, keep our wealth in secret and don't tell them about any level of inheritance in time they only need to focus on learning, shaping their own brain, knowledge and characteristic, discipline. When they are educative, matured enough, we are older enough, we can proceed things about inheritance.

I also have the desire to introduce Bitcoin to my child and pass on to him my knowledge of it - that would probably be a very good thing when you see how the child you are raising knows Bitcoin and understands it, maybe he is even more knowledgeable than me.

I have a plan for my children in time coming and I have to create a new wallet and back it up with a device where the phase code or private key will be saved for a long period of time, and buy few alt-coins, including Bitcoin and hold for them, especially alt-coins that has already established in the cryptocurrency market that we keep existing for next 15 to years to come.

How do you plan to introduce your children to Bitcoin? More importantly what is your long term plan for passing down the wealth to the next gen?

Do you plan to make them their own cold storage wallets and start depositing coins onto this instead of say finding a college savings account etc? Or have a diverse mix in many of these baskets?

I keep thinking about setting them up for success but I am much too early right now my kids are very young and they wouldn’t begin to even understand Bitcoin for quite a while.

But I am curious because I know I should be doing so much more to prepare them for what is to come, hopefully a very well positioned future and inheritance that I can give them.

Sometimes I feel that I am doing them a disservice by contributing to a 529 savings plan as opposed to their own Bitcoin storage accounts.

Perhaps I should open their own Roth IRA accounts and just contribute to that account and direct the funding to a Bitcoin ETF so I can ensure that they will have had early exposure to Bitcoin and ensure that they all have their own accounts. Sure it’s not the same as pure Bitcoin it’s paper Bitcoin but at least the exposure is there.

I still think that passing down the wealth for your heirs with crypto will prove to be very problematic. It’s surely something that could be unevenly distributed & deviated from the wishes of the will since there are no real safeguards in place to ensure each child beneficiary gets what has been set aside for them, right? I think this will be more of a long term solution that will come down the line, the real issue here is that having such safeguards in place could very well compromise the intent of Bitcoin in the first place. These answers I believe would be achieved through custodial methods, or how else could one achieve this goal??

You're wise to consider Bitcoin for your kids' future. Yes, it has great promise. Good to hear you're considering cold storage versus a 529. We need forward-thinking like that. Diversification matters. Even with Bitcoin, dont put all your eggs in one basket. Mix it up. Buy gold and Bitcoin ETFs. Put some Bitcoin in cold storage too.

Many worry about passing on this riches, which is understandable. Dont worry too much. We'll find solutions shortly from the brightest minds. Although Bitcoin is revolutionary, they'll figure out way to obey your wishes. Start now. Your kids will get Bitcoin eventually. They'll be ahead when they do. The goal is to educate kids financial independence and give them a head start in a fast-changing world. Winners do that. They win by adapting and learning.