Bitcoin as a savings account.

When I joined Steem Hive some 3 years ago I was completely out of my waters. Not only because the whole crypto thing was entirely new for me but also because witnessing post payouts in the 4 digit realm was completely unreal.

I am not gonna lie to you. I thought that this was my golden opportunity for quick riches. That's exactly the problem with those who enter crypto and Hive in particular when a bull run is in full play. Because it's one thing to buy some random coin at its peak, even BTC which hasn't let anyone down till now and another to join Hive. Because the price of the token is bound to the upvote value each and everyone can cast depending of course with the amount of Hive tokens they have powered up.

Therefore the illusion of "I'll get rich fast as long as I can produce something decent" becomes a mission, a new reality. Of course we all know that this is never gonna happen...What I didn't know back then is that it was the end of the 4 year cycle and prices would collapse shortly after. And whether you believe me or not I am glad it happened so soon because it gave me the opportunity to educate myself and learn a thing or two.

Three years later and I am still learning...we all do. And if there's one I've learnt is that nobody ever regretted holding BTC. Not only because it was the first of its kind but also because 12 years later and despite the fud spread by those who hate it and don't want it to be around it is still here, stronger than ever before...reaching new ATHs when the time is right. You can love it or hate it but BTC ain't going anywhere...

That's exactly the reason why I called my brother a few hours ago and told him that I want to talk to him about something important. My brother is what we call a "fighter". A hark working man that does everything in his power to raise his family. He was married young and he is father of two amazing little boys. And since I have no kids those two little creatures are the most important of my life too.

So here's the thing, I opened a savings account for each of them and on the first of each month I deposit 50 Euro to each account. The only one who knows about it is my brother and he hasn't even talked to his wife about it just because I asked him not to. The only way for them to have access to that money is when they turn 18. That's 16.5 and 14.5 years down the road respectively.

But I had a moment of clarity...15 years or so down the road and with the pace governments print money out of thin air those money will probably worth shit...

So instead of letting that bank use the money for 15 years I decided to tell my brother about my plan. Which is really simple actually.

So instead of 2x 50 Euro deposits to these 2 accounts every month, I decided to withdraw all the money and buy BTC for them.

Note that my brother knows nothing about BTC or crypto in general and had some arguments but after a long talk he decided to trust me. A few examples of how Euro / dollar lose value over the last 50 years and at the same time how BTC performed since its inception were enough to persuade him.

Long story short on February 1st I'll wire transfer those money to a CEX and convert it to BTC. And I'll keep doing that every month regardless of BTC's price at that moment.

15 years from now BTC will probably worth millions...so I guess it worth the risk.

I don't know about you but I'd love to see their reactions when they turn 18 and realize that this is probably the best gift their uncle could make them.

I know how it feels to start your life having nothing and I won't let them go through the same shit I did...

Thoughts?

Have a good one guys. image Cheers!

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