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Why 45% of US parents are banking on Bitcoin

With confidence in crypto rising, families are rethinking how they save for their kids

Joanna BuenconsejoProfile
By Joanna BuenconsejoFeb. 4th - 12pm
3 min read
Piggy bank for savings with Bitcoin crypto in
A 2024 CouponBirds survey asked parents how parents they feel about crypto. Photo: Pexels / RDNE
 

For generations, American parents have followed the same financial playbook: stash money in college funds, open high-yield savings accounts, or invest in brokerage portfolios to secure their children’s future. But some are now making a radical shift—swapping traditional savings plans for Bitcoin.

They see it as more than just an investment. To them, it’s a hedge against inflation, a way to future-proof their kids’ finances, and, perhaps, a ticket to generational wealth.

Crypto for kids

Take the example of Travis Headley, a physician from Louisiana. For a decade, he saved up for his children through a 529 savings plan—which are state-sponsored dedicated educational funds. Eventually, he withdrew it all and converted it to Bitcoin. He told Bloomberg, “If I'm doing it for my personal savings, why am I not doing it for my kids?”

Similarly, professional soccer player Alex Crognale chose to invest in Bitcoin for his daughter instead of opening a savings account, believing it would benefit her more in the long run.

X user Scott Crypto Warrior has set up wallets for their children, sharing, “Every time I buy something, I copy the trade into their wallets. When they turn 18, they’ll receive them.”

Financial planner Jim Crider, a Bitcoin advocate and father of four, also shares a similar stance. He wants all of his children to have a whole BTC saved up by the time they turn 18 years old.

Crider told The Crypto Radio in 2024 that he believes Bitcoin could eventually become a potential global currency and may even replace the US dollar as the world's reserve currency. He said, “I don't know if this will be in 10 years or in 100 years.” With this, it is no surprise that he also wants his children to be exposed to cryptocurrency.

Even former presidential candidate Robert Kennedy Jr. got in earlier than the rest. In 2023 at a Bitcoin Conference, he bought two BTC for each of his seven children.

Parental attitude towards cryptocurrency

A 2024 survey by CouponBirds explored how parents feel about cryptocurrency and whether they see it as a viable financial tool to prepare for their children's future. As part of their survey, they asked 1,046 parents to share their views and attitudes towards crypto.

The survey found that 45.2% of crypto-owning parents in the US have already bought digital assets for their children, while 40.6% plan to do so. Only 13.8% have no intention of purchasing crypto for their kids.

Among these parents, 52.6% bought crypto for their children, expecting its value to rise. Others saw it as protection against the declining value of fiat money and a crucial asset for the future.

Moreover, 37.5% of respondents believe crypto is the best asset for their children’s future, with most planning to “set it and forget it”, holding it until their kids take ownership.

Some parents are also teaching their children about crypto firsthand, with 33.3% buying assets specifically for educational purposes. Meanwhile, 81% think cryptocurrency should be taught in schools.

These trends and findings underscore a strong shift: the way parents save for their children's future is evolving. With more parents turning to cryptocurrency, digital assets are becoming an increasingly important part of financial planning for the next generation.

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