The actionable solution is...teach grandma about crypto?
If that's what it takes, YES!
If all it takes is someone taking the time to help people understand it, be that someone!
Don't just accept being controlled, because you're not willing to do a little work.
I understand that the older half of the baby boomer generation have struggled with computers, smart phones/TV's, so it will be a struggle for many of them to adapt to "magic internet money". But they did fine adapting to debit cards instead of cash/checks.
There are/will be services that can help them.
SwanBitcoin.com is a great example.
Fidelity has been involved for quite some time.
So the boomers can still use services they are comfortable with to get involved in Bitcoin (not crypto).
I personally have sat down and helped my own mother (70 yrs old) understand things, and we moved about half of her investment fund to Bitcoin. It's not much, but she now understands that inflation is stealing her value, and wanted to hedge against that.
Plus with the new ETF's, even the conservative folks can use those to get involved if they aren't comfortable with self-custody.
And there are more and more products being developed all the time that are increasing the user-friendliness of Bitcoin, so that will continue to improve over time.
2024 is going to be a monumental time for Bitcoin:
- Wall Street has already embraced it, massively raising the demand for it.
- Main Street banking is now hard pressed to catch up and accept it. And have begun to lobby DC for it.
- Presidential candidates have chosen to use it to get votes, making it a BIG political topic heading into the election. Which will only help in the curiosity and grow adoption.
- The halving cut the new supply in half, while the demand continues to grow.
Look at the bigger picture:
Wealth has always found the harder assets. That used to be gold, real estate, and USD debt in the form of T-bills/bonds.
But with the ever-devaluing of the USD, much of the wealth since the Great Financial crisis of 2008, was going to real estate. But then post-pandemic, as the interest rates kept being raised by the Fed trying to fight their inflation they caused by printing trillions, a lot of the loans that were used to buy the real estate are getting extremely expensive when the terms run out and the new rates go in effect.
And since the Halving, Bitcoin's inflation rate has officially become lower than gold, making it the hardest asset in existence.
So of course, the smart wealth is moving to Bitcoin. It's inevitable.
But don't trust me, verify for yourself. Do the work, invest some real time into educating yourself about it. Maybe you come to a different conclusion than me. That's okay. But you have to put in the time and actually understand Bitcoin and, more importantly,
what is money. (
21 Days of Bitcoin - Learn & Earn Bitcoin Rewards!)
It's okay to not know what a UTXO (
Unspent transaction output - Wikipedia) is, or how it works. I'd say 99% of the population doesn't know how the Fedwire works either. That's not what people need to understand. Focus on
what is money, and then you can use that knowledge to compare assets to fiat. Once you do that, it opens your eyes, and you can't unsee it.
Maybe you become a gold bug. Maybe you choose Bitcoin. It doesn't matter, so much that you've seen fiat is the enemy, and that system is rigged against the masses.
2024 is the breakout year, and it's just the beginning! Prepare yourselves now!