Kiplinger

How to Explain Bitcoin to Your Grandchildren

Kids love stories and make-believe, so why not share the story of bitcoin with your grandkids? I realize that the tale of bitcoin and other cryptocurrencies is not fantasy, but it sure does feel that way because these new electronic mediums of exchange have been created out of "thin air."

The point is that we are in a new digital world and it is here to stay. So, as grandparents, we need to stop fighting the changes and get ahead of the curve. Who better than you to teach your grandchildren about this new world of money?

The Good Old Days Are Just That

We have seen big changes, and we adapted to them. Remember when we were so excited to be the first family on the block to get the new rotary Princess phone in sky blue or the excitement of the first mobile phone that was about the size of a shoe box and hardly worked anywhere?

Let's face it, our grandkids never knew those days and can now place and receive calls from their watches! And yes, you remember when the home

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