How to Build Generational Wealth and Pass It Down to Your Children Using Crypto

A common aspiration among parents is to build a lasting legacy for their children. This encapsulates the core idea of generational wealth: to secure assets that can be passed down from generation to generation among families. Cryptocurrencies have emerged as a critical player in this pursuit, with approximately 32,500 individuals attaining millionaire status in the United States through crypto investments alone. This attractiveness stems from the substantial returns sought by those eager to expand their wealth.

The convergence of widespread internet literacy and a growing interest in investments positions the crypto market as a viable option. As of October 2023, the global internet user count was an estimated 5.3 billion, representing 65.7% of the world's population. Projections indicate a further increase to 6.13 billion by 2028, marking a 19% rise.

In the United States, 61% of individuals are actively investing in stocks and other financial products, presenting a promising outlook for 2024. Gemini's 2024 Trend Report highlights the potential significance of Bitcoin spot ETF approval, paving the way for broader cryptocurrency legitimacy and accessibility.

The Benefits of Long-Term Cryptocurrency Investments

Cryptocurrencies, particularly Bitcoin, have demonstrated their profitability, with BTC experiencing a remarkable 4,830% increase in value over the past decade, translating to an annualized return of 74%. In other words, a $4,000 investment a decade ago could now be worth a million dollars.

Bitcoin train may have left the station already , but opportunities to invest in cryptocurrencies before their launch still exist. Emerging digital currencies like Unicoin––a real asset-backed cryptocurrency––allow investors to exchange properties for unicoins at 140% of their appraisal, providing an innovative option for real estate owners with properties yielding below anticipated returns and seeking liquidity.

Diversification as a Strategic Approach

While traditional choices such as real estate, gold, and stocks remain popular among Americans for long-term investments, digital assets can complement existing portfolios, reveals Gallup.

Strategic wealth-building involves selecting the right market, devising a long-term plan, and diversifying income streams. This approach is crucial in providing long-term financial security for your entire family.