The growing, lightly controversial industry teaching kids crypto

The growing, lightly controversial industry teaching kids crypto

School breaks might mean family trips, part-time employment, sports, and hobbies, or simply soaking up the luxury of not having to do homework for some kids to teaching kids crypto. Others will have to learn about NFTs.

Hundreds of kids ages 5 to 17 will attend the third-ever Crypto Kids Camp this summer in Los Angeles, where they’ll learn about everything from artificial intelligence to virtual reality through hands-on games and activities.

Reasons for teaching kids crypto

Crypto-for-kids programs frequently advertise themselves as being at the cutting edge of education. To be clear, part of the appeal of these programs for parents is to make up for the lack of personal financial instruction taught in most public schools in the United States.

But, at the heart of this still-developing business, is the question of whether cryptocurrencies and blockchain are the future for which parents should be preparing their children. There are numerous grounds to suspect that Web3 is based on weak technology.

No age limits

Teachers report that their kids are spending more time on platforms. Though it is theoretically only available to adults 18 and above. Some teenagers utilize an account set up for them by a parent, and many crypto wallets have no age restrictions.

One story from a colleague about a ninth pupil at another school. Who won $500,000 on a college football bet and then had to pretend that his parent had placed the wager.

Crypto-for-kids initiatives

Crypto-for-kids programs frequently advertise themselves for lucrative digital careers. But, at the heart of this still-developing business. Blockchain is the future for which parents should be preparing their children. There are numerous grounds to suspect that Web3 is based on weak technology.

Making money is a hobby

Given the media frenzy surrounding kids like British 12-year-old Benyamin Ahmed. Who made more than $400,000 in two months selling NFTs of pixelated whales, or a pair of 14- and 9-year-old siblings who make $30,000 per month mining bitcoin. “I’m fascinated by how well-versed these young youngsters are in this new technology,” Serio says.