Ten years ago, Bitcoin was still a technological novelty; ten years later, it has become a global consensus on value.
If buying Bitcoin was important ten years ago, now “leaving a sum of Bitcoin to your children” may be the most far-sighted decision.
A house may be subject to purchase restrictions, depreciate, or even be eliminated by the times; but a Bitcoin is a free chip that can cross borders and resist risks.
It is not just an asset, but also a greater right of choice that we leave to the next generation - in the future world, there will be more possibilities and life will not be defined by the system.
As Childrens Day approaches, lets discuss a bold and realistic question with OKX from the real perspective of industry practitioners:
The Bitcoin inheritance methods of the top dads in the cryptocurrency circle, how to let crypto kids win at the starting line～～
1. @神鱼（Co-founder and CEO of Cobo）
Q: For you, is leaving a sum of Bitcoin to your children more like a belief or a hedge? Many people are worried that it is too late to enter the market now. What do you think about the timing of ordinary people entering the market?
A: Although I thought so before and planned to leave some BTC to my children, I changed my mind this year - excessive crypto assets can easily weaken his desire for exploration and sense of responsibility. I will only use a small amount of Bitcoin as a bottom line guarantee, and regard curiosity and values as real heirlooms.
For ordinary people, entering the crypto world does not depend on early or late, but on whether you are willing to grow with the industry cycle. Todays market infrastructure, regulations and application ecology are far better than before, bringing a higher probability of survival and compressing the space for huge profits. Latecomers should: first evaluate their own risk threshold and cash flow, and decide on an affordable long-term position; use fixed investment instead of a one-time heavy position to dilute the point-in-time risk into a time dividend; regard buying coins as a ticket to learning, track technological evolution, experience practical applications, and let cognition and assets increase in value simultaneously. In this way, missing the early stage does not mean losing opportunities; participating with a clearer perspective will give you a more stable compound interest curve instead of stimulating skyrocketing and plummeting.
2. @倪森 (Top KOL)
Q: What do you think of the increasing number of people who question that Bitcoin is a scam and have quietly started to invest? Some people say that trading gold is to preserve value, and trading Bitcoin is the future, do you agree? If a parent who doesnt know much about crypto asks you: Can I really leave Bitcoin for my children? Is this reliable? How would you answer?
A: As a long-term and fixed-investment BTC trader, I believe very much in the future of BTC. Compared with gold, BTCs safe-haven properties are indeed not very strong. After all, the price fluctuations of BTC are still quite large. However, as BTC goes further and further in the field of compliance, and more high-net-worth traders are willing to use BTC as a trading strategy, I believe that the future of BTC will be better.
I would also like to say that the data shows that for a long time, BTC has been flowing into the hands of long-term and high-net-worth traders. The data released by 13 F and the data of spot ETFs show that more and more BTC is held by high-net-worth traders and institutions in the United States, so it will also drive the herd effect of fixed investment. From the first time I bought BTC in 2018 to now, I have been increasing my BTC position, and I have a fixed investment of BTC every month. These BTC are the best gifts I leave for the chipmunk (my son). I believe that BTC will play a greater financial value in the future.
3. @UNICORN (Top KOL)
Q: It is better to leave a Bitcoin to your children than a house. Do you think this statement is reliable? Or how would you interpret the anxiety and hope behind it? Do you think Bitcoin can play a formal and stable role in family assets in the next few years?
A: From the perspective of rising potential, Bitcoin has a very large growth rate and unlimited potential. For example, it will reach 1 million US dollars per coin, but it will take time and may take many years. However, a house, for example, is worth 1 million US dollars now. Although the rising potential is limited and far lower than Bitcoin, it is currently valuable. So it may be more reliable to try hard and keep 10 Bitcoins.
Lets divide it into different families. The world rewards the first wave of people who embrace new things. For me, Bitcoin is already such a family asset, but if one day, Bitcoin occupies a formal and stable role in the family assets of hundreds of millions of families, then Bitcoins huge growth potential may end, and it will become an asset like gold that rises within 30% a year. Then I may have to look for the next asset with higher growth potential.
4. @Mandy (Founder of Odaily Planet Daily)
Q: From the perspective of a media person, how do you view Bitcoins reputation reversal in the past decade? Do you think its time to seriously discuss taking Bitcoin as part of family assets?
A: The reversal of Bitcoin is essentially a re-recognition of its value by the mainstream world. Ten years ago, it was seen as a marginal technology that challenged regulation; but now, exchanges have embarked on the path of compliance, many countries have clarified the regulatory framework, and the US Bitcoin ETF has achieved a trading volume of hundreds of billions. This is not only an institutional acceptance of the underlying logic of Bitcoin, but also a justification for it in the global asset allocation system. When Wall Street began to enter the market and the policy layer gradually standardized, Bitcoin changed from a rebel to part of the system. It has not changed, but the world is reconciling with it in its own way.
Yes, especially from a global perspective, this is no longer a cutting-edge topic, but a realistic consideration. High inflation, frequent wars, and currency depreciation are common in many countries, and the cross-system security of household assets is becoming increasingly important. As a decentralized asset that does not rely on any single sovereignty, Bitcoin provides a logical alternative. More importantly, its total volume is constant, institutions continue to enter the market, and global consensus is expanding. In the long run, it still has price support brought by scarcity. It is not a panacea, but it deserves a long-term and rational seat in diversified allocation.
5. @Liam (Founder of TechFlow)
Q: As a senior journalist, in your opinion, what has changed in Bitcoin over the past decade? And what has not changed? What is Bitcoin to you? What is your personal trading logic and configuration method?
A: Bitcoin has changed mainly in terms of appearance. Ten years ago, it was a toy for geeks, but now it has entered the trading portfolios of global listed companies, and has grown from an experimental project for niche geeks to a mainstream asset. Its price has also risen from a few dollars to over $100,000. At the same time, the ecosystem built around Bitcoin is becoming increasingly complete, from trading infrastructure to derivative applications, giving rise to a whole new digital economy.
What remains unchanged is the inner. The core principles of Bitcoin remain unchanged, such as the total amount of 21 million, the POW mechanism and other basic elements have never changed. More importantly, Bitcoins value narrative about fighting inflation and maintaining wealth sovereignty has not only not weakened in the past ten years, but has been verified and strengthened many times in the global financial turmoil. You see, Bitcoin is still the same Bitcoin, but the price has changed, and peoples attitudes have also changed accordingly. Rising is a revolution, and falling is a scam. Life is actually the same. If your life K-line rises, all you hear are praises and cheers. If your life K-line falls, all you hear are questions about scams. Self-improvement is ten thousand strengths, and people should be like Bitcoin.
When I first learned about Bitcoin, I was deeply impressed by a sentence from Li Xiaolai. He said that Bitcoin is the first time in human history that private property has been made sacred and inviolable by technical means. In my opinion, this is the value of Bitcoin, the real financial sovereignty. So, for me, Bitcoin is life-saving money. At the same time, I also uphold the concept of saving enough Bitcoin for the next generation, and I can use Bitcoin as a legacy. Of course, the premise is that there must be a next generation. As for Bitcoin, I have suffered too much loss. For example, I once put more than one Bitcoin in a certain exchange and then ran away. I also listened to friends recommendations and rumors on the eve of the bull market, sold Bitcoin and bought a certain altcoin, and lost 70%. So now, for Bitcoin, my choice is to just hold it, dont try to do bands or something like that, sooner or later, the coin bands will be gone. It is very important to recognize what kind of dog morality you are.
6. @Wesley (Web3 Chinese serial entrepreneur in Silicon Valley)
Q: What do you think is the biggest misunderstanding of Bitcoin? From the perspective of asset allocation, is it bold or reasonable to add Bitcoin to your childs starting line of life? If you really decide to leave a sum of Bitcoin for your child, when will you tell him? What do you hope this asset will convey?
A: From the perspective of asset allocation, I think this is not bold but forward-looking. What I leave to my children is not just money, but a stepping stone to participate in the reconstruction of global value in the future. If I really want to leave a sum of Bitcoin to my child, I may not tell him too early - I hope that after he turns 18, he will have his own understanding of value and then open this time capsule. Let Bitcoin accompany him as he grows up. This asset conveys not only money, but also a way to understand scarcity, long-termism and systematic thinking. I dont want to just give him a key, but let him know that there is a whole system behind the door.
7. @Jeffrey (Operations Director, PANews)
Q: If it were you, would you leave a sum of Bitcoin to your children? Is this an emotional drive or a cognitive choice? As a parent, what do you think of the idea of leaving Bitcoin to your children? How would you explain the meaning of Bitcoin to your children?
A: The answer is yes, and I have already done so. I believe that many crypto parents will do so. It is driven by cognition and emotion. Cognition determines what I will do, and emotion determines how much I will keep. Each generation has its own gold. Just like the older generation buys gold for the younger generation, I will also buy a certain amount of Bitcoin on important days, such as the birth of a child, the Chinese New Year, and a sharp drop in the market, and transfer it to the wallet prepared for my child. By the way, I also hoarded E-dot Ethereum for my child.
I think this idea will become more and more common, just like giving insurance to children now. At this stage, I will not explain the meaning of Bitcoin to my children. Because this generation was born or lives in the era of information explosion, and it is also the era of large-scale application of encryption. The understanding of encrypted assets and Bitcoin should be accumulated slowly through learning, socializing, daily use and other channels. Of course, it is necessary to help children establish correct values and worldviews during their growth. When they have a certain understanding of money and consumption, they can be allowed to control some Bitcoin.
8. @Tiny Xiong (founder of the DengChain community)
Q: What do you think of Bitcoin? From a parents perspective, what do you think is the value of letting your children own Bitcoin?
A: Many people are used to measuring the value of Bitcoin with the companys valuation logic, and believe that from the perspective of practicality, Bitcoin does not seem to have a truly usable product, so they conclude that it should not be valuable. But in my opinion, Bitcoin is more like a digital country, and its value comes from its number of citizens and economic activities. This country advocates freedom and justice, does not deprive anyone of their property, and does not prohibit anyone from participating - these qualities, compared to the so-called practicality, may be the truly precious value.
Letting children own Bitcoin is a way to help them understand long-termism. The same is true in life. In the short term, we may be at the bottom or we may reach the top for a short time. But we hope that children will not be too entangled in temporary gains and losses, but learn to focus on themselves and maintain their concentration. Just like Bitcoin, the rewards of life also come from the compound interest given by time.
9. @Tony Li (Head of Post-Investment at Dragonfly)
Q: What does Bitcoin represent compared to traditional assets such as real estate and gold? Has Bitcoin become your family asset allocation? Why?
A: Having worked in the industry for nearly a decade, I have a deep belief in Bitcoin. It represents a new asset paradigm that is more efficient, freer, and more resistant to risks. Compared with traditional assets such as real estate and gold, the core advantages of Bitcoin are mainly reflected in three aspects: better efficiency and liquidity, greater long-term value storage potential, and better ability to cope with the risks of world changes.
Yes, Bitcoin is now a very important part of my familys asset allocation. I believe it is the asset that will benefit our next generation the most. If I had to choose an asset to leave to my children, it would definitely be Bitcoin and my belief in Bitcoin.
10. @链上达人 (Top KOL)
Q: More and more parents are seriously considering allocating Bitcoin to their children. What does this mean? How is your view on Bitcoin different from the past? Why has this changed?
A: Bitcoin has become a mainstream asset, even on par with traditional financial assets. The consensus on Bitcoin is expanding, and many parents have already regarded Bitcoin as a long-term trading tool, similar to buying education funds for their children. There are many unstable factors in the traditional financial system, and Bitcoin can perfectly solve these pain points. Giving Bitcoin to children is the most advanced form of wealth inheritance.
The biggest difference is the perception of the return on trading. In the past, people thought that Bitcoin was too large and had less room for growth than Shanzhai, and that retail investors could only change their fate by buying Shanzhai or Meme, so they hoarded a bunch of Shanzhai, Meme, and NFT. As a result, most assets could not rise as high as Bitcoin, and they fell more fiercely than one another. The reason is that as more and more institutions and non-circle users enter the market, Bitcoin is recognized as the first choice for trading. For retail investors, they can make a small bet for a big gain through the forms of rubbing wool and rushing dogs, but the most scientific way to get the income is to exchange it for Bitcoin.
Disclaimer:
This article is for reference only. This article only represents the authors views and does not represent the position of OKX. This article is not intended to provide (i) investment advice or investment recommendations; (ii) an offer or solicitation to buy, sell or hold digital assets; (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness or usefulness of such information. Holding digital assets (including stablecoins and NFTs) involves high risks and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professionals for your specific situation. Please be responsible for understanding and complying with local applicable laws and regulations.
