Kiplinger

How to Explain Bitcoin to Your Grandchildren

Kids love stories and make-believe, so why not share the story of bitcoin with your grandkids? I realize that the tale of bitcoin and other cryptocurrencies is not fantasy, but it sure does feel that way because these new electronic mediums of exchange have been created out of "thin air."

The point is that we are in a new digital world and it is here to stay. So, as grandparents, we need to stop fighting the changes and get ahead of the curve. Who better than you to teach your grandchildren about this new world of money?

The Good Old Days Are Just That

We have seen big changes, and we adapted to them. Remember when we were so excited to be the first family on the block to get the new rotary Princess phone in sky blue or the excitement of the first mobile phone that was about the size of a shoe box and hardly worked anywhere?

Let's face it, our grandkids never knew those days and can now place and receive calls from their watches! And yes, you remember when the home

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger2 min read
Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi
Kiplinger3 min read
19 Best Stocks to Buy Now for High Upside Potential
If the goal is to find stocks to buy when prices are lower rather than higher, it stands to reason that the time to go looking for the best stocks to buy is right now.  After all, the market is off by more than a fifth so far this year, which means i
Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

Related Books & Audiobooks