3 Tips For Talking With An Elderly Loved One About Crypto

If you’ve heard your elderly loved one asking about crypto in the past, you may have wanted to speak with them about it and explain to them, but it may not have been the right time. But since it doesn’t seem like crypto is going to be disappearing, it could be a good idea to brush up on your own knowledge and seek to introduce this idea to your older relatives, even if they’re already in an independent senior living facility and likely won’t be personally impacted by it.

To help you in having this conversation, here are three tips for talking with an elderly loved one about crypto. 

Learn More About It Yourself

Before you teach anyone about anything, you’ll first want to make sure that you actually know what you’re talking about. This is the same for sharing information about crypto to your elderly loved ones. 

If you feel like you only really have a vague idea of how to explain crypto, do some research so that you can answer any questions that you have and questions that you think other people might be asking. Try to understand what blockchains are, what crypto is, how it can be used, what dangers there are surrounding crypto, and more. This way, you’ll have a very solid knowledge to pull from when trying to explain this concept to others. 

Start With Explaining It To Your Kids

For those who have children, one thing you might want to try before explaining crypto to your elderly loved ones is to explain it to your kids. 

While your kids might have a bit more knowledge about the digital world and how things work there, they will likely have some great questions for you that will help you to be better prepared when you have this conversation with your elderly loved ones. They can also help you workshop some ideas on how to simplify concepts and explain them in a way that others will be able to understand. 

Help Them Understand That Things Are Always Changing

As you’re seeking to explain crypto, one thing that you should try to emphasize is the things surrounding crypto are in flux right now. Legislation, the changing of the market, and more will all cause things about crypto to be a little up in the air until things become more stable and more people start understanding and using it. So while you might not have all of the answers right now, even explaining just the basics to your elderly loved one can help them wrap their heads around this concept a bit more. 

If you’re wanting to help your elderly loved one understand crypto, consider using the tips mentioned above to help you in accomplishing this.