Phaedra Parks, a member of the “Real Housewives of Atlanta” cast, said in a recent interview that the reality TV star handed her son $150,000 to invest and learn about accumulating riches. Ayden, her 13-year-old son, is “big into cryptocurrency,” according to Parks, and is particularly interested in rental properties.
The sons of reality television star Phaedra Parks “love anything about making money in cryptocurrency.
Parents can register accounts on their behalf and give permission for their children to trade even though the majority of cryptocurrency exchanges do not authorize minors to trade digital assets. The younger generation now frequently makes investments in cryptocurrencies, and since the invention of bitcoin (BTC), there have been many accounts of kids doing so.
For instance, when Erik Finman was 12 years old, he got a $1,000 investment. By the time he was 18, his BTC investment had made him a billionaire. 1.33 million kids from the U.K. have invested in cryptocurrencies, according to a report done by the teen neobanking platform Gohenry and released last year.
The 14th annual Parents, Kids, and Money Survey, which T. Rowe Price issued in April 2022, also showed that 57% of kids aged 8 to 14 are familiar with digital currencies. Even though 47% of parents claimed to be aware with the technology, the survey’s findings showed that kids knew more about cryptocurrency than their parents.
Reality television personality Phaedra Parks from “Real Housewives of Atlanta” stated last week that she gave her 13-year-old son, Ayden, $150,000 to invest in a People magazine interview.
Parks, an educator from a middle-class family, said her parents would have liked to offer her that chance but lacked the money to give her a $150,000 gift for a purchase. Parks addressed her son’s interest in cryptocurrency assets especially while talking about the investment.
According to Parks during her interview, Ayden is “big into cryptocurrency and big into researching how to become a millionaire before he turns 25.” The reality-show participant continued by saying that both of her sons “love anything about making money in cryptocurrency.” According to Parks, her second son Dylan, who is ten years old, also wants to be “financially stable” in the future.
Kids of all ages have embraced decentralized cryptocurrency technology, and there are a ton of books and manuals available that explain how parents may introduce their kids to digital currencies. In addition, there are specific programs like the Earlybird Crypto platform that are designed to guide young people as they start their bitcoin investment journeys.
Earlybird obtained $4 million from Seven Seven Six and Gemini in November 2021, then on June 13th, 2022, the company received an unknown sum of investment. Children between the ages of 5 and 7 may learn about cryptocurrencies and artificial intelligence (AI) at a camp for kids called Crypto Kids Camp that takes place every year in Los Angeles.