Rich Kid, Poor Kid…Investing in Bitcoin for generational wealth

Photo by Nate Johnson from Unsplash

Change is occurring at breakneck speed. Computers and the internet have changed our daily lives in ways that few could have imagined thirty years ago. The way that we communicate, fill our leisure time, work, travel, eat, meet our spouses, learn, and consume media are advancing at a pace that is challenging human adaptability. Trying to understand and explain the world is a trying task. Are we being controlled by media influence? Will coronavirus or another epidemic desecrate the world’s population? Is global warming going to cause the polar ice caps to melt and make our earth so hot that parts will be uninhabitable? Will we need to have Neuralink chips implanted in our brains to ensure that artificial intelligence doesn’t take over? Like you, I don’t have the answers to these questions. I do have my opinions, but I am just one of 8.7 billion people on this planet trying to thrive and lead a life that will create a better existence for my children.

Having children is in our biological hardcoding. While not everyone has kids, the vast majority of people on earth do have children and advancements in medical, farming, and technology have allowed for the earth’s population to balloon over the past 200 years. Take a look at the chart below to view how human population has increased and is projected to increase in the near future.

Graph from populationeducation.org

Assuming that our global population takes a similar trajectory as it has, it is important to give consideration on the best ways to store and pass along wealth to our children.

While I am a proponent of Bitcoin and cryptocurrencies, I am not a financial advisor and this is not financial advice. I am sharing my interpretations of our current environment and the reasoning behind my perspective. If you are in or plan on being in a position of having wealth to pass along to children or heirs, it would only make sense to give consideration to the burgeoning asset class of Bitcoin and crypto.

One of the main tenets of Bitcoin is that it has a capped supply at 21 million. Based upon today’s population (7.8 billion), if all the Bitcoin were mined today and…