Two sides of the Bitcoin

Heads: My 69 year old Father-in-Law recently asked me if I had any of “The Bitcoins”. Of course I told him that I do have actual Bitcoin as well as exposure to Bitcoin in my IRA. He watches Jim Cramer on CNBC but said he hasn’t heard him talk about positively about Bitcoin. I gave him a few high-level reasons as to why I believe it is a solid but still volatile investment. He was very receptive to how I explained Bitcoin to him. I also explained to him about the potential of Spot Bitcoin funds in January, 2024.

The next day he asked what stocks he could invest in that would give him Bitcoin exposure. I gave him a few suggestions for research since he wanted to do this through his Charles Schwab account. A few hours later he said he was “in” and is still interested in the Spot ETFs.

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Tails: I gave my 8 year old Grandson a “gold” (made of aluminum) Bitcoin token as a gift. He thinks it is cool. He has heard of Bitcoin at school. I explained to him that the physical coin isn’t worth anything as the real Bitcoin is on the internet. He said he understood since he plays Minecraft.

He showed his Father, my 28 year old Son-in-Law, the “Bitcoin” in the case that came with the token. My SIL said, “Now you can carry that around to remind you what a horrible investment it is.” It took a lot of restraint to not retort. I have talked to my Grandson about money in general and Bitcoin specifically. He seems to understand the basic concepts I’ve discussed.

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Conclusion: Not what I expected from my FIL or SIL. The older man is open minded to new concepts and the younger man has mental myopia. My Grandson will hopefully be in a future world where Bitcoin is commonplace to the masses. I’ll do my best to continue to impart knowledge concerning Bitcoin to him.