My father is a boomerHe's not too technical, he uses his smartphone as needed and looks into his email inbox once or twice a month. Bitcoin was always a mystery to him apart from the "fact" that it's a highly volatile investment. He prefers real estate investments.But one of the Christmas discussions suddenly made him understand crypto. I explained it as a way to stay liquid, independent from banks similar to what gold did for people after a war. Just that in this case, the scenario is not a war, but a financial crash such as in Greece, Argentinia, Venezuela, etc. where people suddenly discovered, that they either can't access their savings or that they were worthless.A week later he told me his investment software offers "bitcoin". A closer look showed there was no way to withdraw it which made him say "oh, so this is not real bitcoin then". That actually made me happier than him investing in this virtual bitcoin.TLDR: bitcoin is digital gold is a valid explanation for older people which doesn't need any technical details about Blockchain whatsoever
Submitted December 28, 2020 at 04:21PM
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