Barry42 on Nostr: Wu said that according to Bloomberg, as the price of Bitcoin broke through $100,000, ...

Wu said that according to Bloomberg, as the price of Bitcoin broke through $100,000, some American parents began to abandon the traditional 529 college savings plan and invested in Bitcoin to accumulate wealth for their children. They believe that Bitcoin has great long-term growth potential and can provide higher returns. Although the risk is higher, the long-term investment of children can withstand market fluctuations. Some parents even completely emptied their 529 accounts and put all their funds in Bitcoin, and encouraged their children to learn about cryptocurrency and cultivate investment and financial management concepts.