What will you do with your crypto assets when you get old?

[debra]

Since I don't know if my descendants will be able to understand and use crypto, before i lose my minds, I will turn everything into fiat and leave them a legacy that they can easily use

This is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto. If not, and we are getting older and maybe we won't think about some things anymore, then withdrawing all to fiat and investing it in real life is a wise and reasonable choice for the whole family.

It's just that, of course, it also goes through a process. I once thought, when I start stepping on 50 years later, my children would have grown up and maybe graduated from college. So before that, I will also tell them about this crypto and some of its assets. Then I will offer their fathers an interest in learning. And if they want, slowly, I will also hand this over to them as one of their legacies.

[Mia Chloe]

This is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto.

I really don't think that will be the case this is basically because we are in the digital era and as a result with the way crypto and the digital space is becoming more popular and broad there is a very high chance that the next generation will take crypto even more seriously than it is currently because come to think of it if you check the crypto space general they are thousands of coins even more coming in every single day.

I think the digital era is even just at its beginning and there's even more to come if you ask me.

[joniboini]

Do you think crypto will become a part of personal finance in the future?

Definitely, we already have some of the signs right now, I would be surprised if the government will kill crypto simply because they can make money from it.

[What will you do with your crypto assets when you’re old?

I'll plan my inheritance and try to split my wealth for my family and kids. Whether they deserve it or not doesn't really matter IMO. If there's an option to make their life easier I'd choose that while educating them about good financial practices. It's not like they'll suddenly get lazy just because their parents are rich.

Besides BTC, which token do you believe in for the next 50 years?

I don't believe in any of them. 50 years is way too long to make any judgment. I'd rather watch them on a yearly basis instead.
I voted on the poll too.

[doc]

This is a very reasonable and logical thing, because in any case, we don't know if our children will also be concerned about crypto.

I really don't think that will be the case this is basically because we are in the digital era and as a result with the way crypto and the digital space is becoming more popular and broad there is a very high chance that the next generation will take crypto even more seriously than it is currently because come to think of it if you check the crypto space general they are thousands of coins even more coming in every single day.

I think the digital era is even just at its beginning and there's even more to come if you ask me.

I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.
The digital era has begun and the future with this digital technology will be brighter

[vegasus]

I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.
The digital era has begun and the future with this digital technology will be brighter

Yes of course, getting older is certain and cannot be stopped. That's why as long as we still have investment assets in crypto, it's better to inform and provide understanding to our children and also our families at least.

and it's true that technology is getting more sophisticated every day. Who knows when my children are adults they still have the opportunity to learn again until they are really ready for this.

[KryptoBull]

Yes of course, getting older is certain and cannot be stopped. That's why as long as we still have investment assets in crypto, it's better to inform and provide understanding to our children and also our families at least.

and it's true that technology is getting more sophisticated every day. Who knows when my children are adults they still have the opportunity to learn again until they are really ready for this.

Crypto is developing even faster than smartphones and the internet, so I believe that in the future, if crypto can survive, it will become extremely popular and familiar to everyone, just like how people are familiar with e-commerce and ride-hailing services. Our children will grasp everything very quickly and easily master the utilities surrounding crypto, including storage and usage.

Currently, many people own crypto but are not confident enough to share this secret with their family members because they consider it a much higher-risk asset compared to stocks and real estate. I think that in the near future, we need to overcome this psychological barrier before we can add crypto to our inheritance assets.

[Trongduy]

1. I think crypto will exist as an asset similar to stocks or precious metals in the future.

2. If I still have crypto assets at that time, I will leave them to my children and grandchildren as an inheritance, or I will use them for my retirement.

3. If you believe, besides BTC, ETH is the best choice, of course there will be more tokens appearing in the future that can change this whole market.

[MarcuB]

I will answer the main question of this topic.

When I get old, I'd probably sell off some of my crypto, like Ethereum or smaller coins, to cover stuff like living costs, maybe a nice vacation or even helping my family with thinks like a house down payment. I'd keep a solid stash of bitcoin, though, since it's got a strong track record and could keep growing, experts say it might hit $200k or more by 2030 if adoption keeps up. I'd pass that down to my kids or grandkids, giving them a head start with something valuable, but I'd make sure they learn the basics, like securing wallets and watching market trends. I might even set up a trust to keep it safe and tax smart, crypto laws are tricky, so I'd check with a pro first!

[KryptoBull]

I will answer the main question of this topic.

When I get old, I'd probably sell off some of my crypto, like Ethereum or smaller coins, to cover stuff like living costs, maybe a nice vacation or even helping my family with thinks like a house down payment. I'd keep a solid stash of bitcoin, though, since it's got a strong track record and could keep growing, experts say it might hit $200k or more by 2030 if adoption keeps up. I'd pass that down to my kids or grandkids, giving them a head start with something valuable, but I'd make sure they learn the basics, like securing wallets and watching market trends. I might even set up a trust to keep it safe and tax smart, crypto laws are tricky, so I'd check with a pro first!

It seems you have so much BTC that you need a detailed and careful plan to ensure that your descendants can manage them wisely. I don't have enough BTC to think that much, I just hope that I can accumulate enough 0.1 BTC to give to my descendants in the future when they deserve it

50 years later, maybe our descendants will look back at this time with admiration like we look back at what happened in the economy at the end of the 20th century. I hope they won't ask why I didn't buy a lot of BTC when the price was below 1M USD

[Themepen]

That is very thoughtful way to plan for future with cryptocurrency. It is great that you are thinking about how to take care of your family by leaving them your crypto assets. Investing in well known assets like Bitcoin Ethereum and BNB can give stable base for your family future. With keeping these assets you will be leaving your family financial safety net and maybe even some extra income from crypto rewards. This could give your family steady income even after you stop working. With investing in good assets and holding them you are setting yourself and your family up for possible long term growth and financial security. Your approach also helps reduce risks of investing in cryptocurrency. Overall your plan is great example of how cryptocurrency can be part of long term financial plan helping you and your family achieve financial success and security.

[bounceback]

Talking about cryptocurrency assets what will we do when get old age I think very interested ideas for discussing, I think we must set up very good investing for the future until we are have get old. I have invest in bitcoin and several kinds of altcoin for my future when getting old I won't spent my all time for working, have an ideas when raising old age I want enjoying my life and take benefit from my investing in cryptocurrency.
But keep spend few percent of my cryptocurrency assets to my family exactly for children, its important think back up their education cost from cryptocurrency assets.

[tequilla_sunset]

I also think that with the increasing popularity of crypto today, it is likely that the next generation will be more serious and familiar with crypto. because technological advances will always develop and we must understand this, don't let us be left behind because we don't learn it.
The digital era has begun and the future with this digital technology will be brighter

Agreed.
People will be definitely more eager to learn and try different projects out, risky or not.
This will be so much different from what we had..

[dave_strider]

Talking about cryptocurrency assets what will we do when get old age I think very interested ideas for discussing, I think we must set up very good investing for the future until we are have get old. I have invest in bitcoin and several kinds of altcoin for my future when getting old I won't spent my all time for working, have an ideas when raising old age I want enjoying my life and take benefit from my investing in cryptocurrency.
But keep spend few percent of my cryptocurrency assets to my family exactly for children, its important think back up their education cost from cryptocurrency assets.

You are wise and kind at the same time.

I hope your plans to help your family with what you will hoard by the end of your life will succeed.

Especially if your family deserves it, they will be very grateful to you.

[snowpega]

<snip>

I was just scrolling here and stumbled upon this thread and found it an interesting topic. It's almost 2.5 years that I have been here in the crypto space, and I am not much older, but after reading your thread, I would like to know one thing that if one has passed away and there is a big amount of BTC in his account and his CEX account is protected by 2FA, how will his/her family withdraw that big amount? As far as I know, the 2FA amount can only be withdrawn just by scanning a fingerprint, and by chance, if his/her progeny don't have any idea about it, then how can his/her family withdraw that amount?

1. In my point of view, as we all know now, the US has declared Bitcoin as a part of its national reserve, so we can say there are higher chances that crypto will become a part of personal finance in the future. I believe in this because many other countries follow America's steps, so that is why.

2. As of now, I cannot pass any comment so surely about this, as I don't have that much capital to accumulate crypto assets for the future purpose, but yes, whenever I have that, I will start to accumulate my crypto savings for older age.

3. Hmm, for this I don't think so; any other crypto project has that big potential like BTC to save in the form of personal savings for the future purpose. This is my current point of view, but yes, the US government has also declared some altcoins for US national reserves. So, I am not so sure about this in the future.

[electronicash]

<snip>

I was just scrolling here and stumbled upon this thread and found it an interesting topic. It's almost 2.5 years that I have been here in the crypto space, and I am not much older, but after reading your thread, I would like to know one thing that if one has passed away and there is a big amount of BTC in his account and his CEX account is protected by 2FA, how will his/her family withdraw that big amount? As far as I know, the 2FA amount can only be withdrawn just by scanning a fingerprint, and by chance, if his/her progeny don't have any idea about it, then how can his/her family withdraw that amount?

1. In my point of view, as we all know now, the US has declared Bitcoin as a part of its national reserve, so we can say there are higher chances that crypto will become a part of personal finance in the future. I believe in this because many other countries follow America's steps, so that is why.

2. As of now, I cannot pass any comment so surely about this, as I don't have that much capital to accumulate crypto assets for the future purpose, but yes, whenever I have that, I will start to accumulate my crypto savings for older age.

3. Hmm, for this I don't think so; any other crypto project has that big potential like BTC to save in the form of personal savings for the future purpose. This is my current point of view, but yes, the US government has also declared some altcoins for US national reserves. So, I am not so sure about this in the future.

since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto.  we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.

i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.