1 year ago
According to a caller interrogation with “Real Housewives of Atlanta” formed subordinate Phaedra Parks, the world TV prima gave her lad $150,000 to put and larn astir gathering wealth. Parks mentioned that her 13-year-old son, Ayden, is peculiarly funny successful rental properties and he’s “big into cryptocurrency.”
Kids and Crypto — Reality TV Star Phaedra Parks’ Sons ‘Love Anything About Making Money successful Cryptocurrency’
While astir cryptocurrency exchanges bash not let minors to commercialized integer assets, parents tin unfastened accounts connected their behalf and licence them to prosecute successful trading. Nowadays, it is not uncommon for the younger procreation to put successful integer currencies, and determination are galore stories of children investing successful crypto since the instauration of bitcoin (BTC).
For example, Erik Finman received a $1,000 concern erstwhile helium was 12 years old, and by the clip helium reached 18, helium had go a millionaire from his BTC investment. According to a survey published past twelvemonth by the teen neobanking level Gohenry, 1.33 cardinal children from the U.K. person invested successful cryptocurrency.
Furthermore, successful April 2022, T. Rowe Price released the 14th yearly Parents, Kids, and Money Survey, which revealed that 57% of children aged 8-14 are acquainted with integer currencies. In fact, the survey’s probe indicated that children were much knowledgeable astir cryptocurrencies than their parents, arsenic 47% of parents reported being acquainted with the technology.
Last week, successful an interview with People magazine, world TV prima Phaedra Parks from “Real Housewives of Atlanta” revealed that she provided her 13-year-old son, Ayden, with $150,000 to invest.
Parks, who comes from a middle-class household of educators, mentioned that her ain parents would person aspired to supply specified an opportunity, but lacked the fiscal resources to springiness a kid $150,000 for a purchase. While discussing the investment, Parks specifically mentioned her son’s involvement successful cryptocurrency assets.
“Ayden is large into cryptocurrency and large into researching however to go a millionaire earlier helium is 25,” Parks stated during her interview. The formed subordinate of the world amusement added that some of her sons “love thing astir making wealth successful cryptocurrency.” Her different son, Dylan, aged ten, shares the aforesaid aspiration to beryllium “financially stable” successful the future, arsenic explained by Parks.
There is simply a multitude of guides and books disposable that explicate however parents tin present their children to integer currencies, arsenic kids of each ages person embraced decentralized cryptocurrency technology. Moreover, determination are dedicated applications aimed astatine helping kids statesman their travel into cryptocurrency investing, specified arsenic the level Earlybird Crypto.
In November 2021, Earlybird raised $4 cardinal from Seven Seven Six and Gemini, and connected June 13, 2022, the steadfast secured an undisclosed magnitude of funding. In Los Angeles, an yearly Crypto Kids Camp is held for children aged 5 to 7, wherever they larn astir cryptocurrencies and artificial quality (AI).
What are your thoughts connected parents encouraging their children to put successful cryptocurrency astatine a young age? Do you judge it’s a invaluable learning experience? Share your thoughts and opinions astir this taxable successful the comments conception below.
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