In Japan, seniors and middle-aged adults are increasingly interested in investing in cryptocurrencies. The Japanese Cryptocurrency Support Center has launched an intensive course for seniors to help them learn and invest in cryptocurrencies.
Intensive Crypto Course for Seniors
Japan’s Cryptocurrency Support Center has launched an intensive crypto investment course for middle-aged and elderly adults. This is “Japan’s first virtual currency investment course for seniors,” local media reported last week.
The Tokyo-based center “supports dissemination of the correct information and knowledge of virtual currencies” and of “building assets with virtual currency with confidence,” its website describes. The organization says “we have connections with overseas exchanges and currency issuers” and aims to promote “the sound development of the virtual currency industry.” The center describes:
In the past, investment of stocks and FX was the mainstream. However, since 2017 virtual currencies became a topic in the news, and seniors who start investing [in] virtual currencies are increasing…we hold virtual currency seminars…and some participants in their 80s have participated.
One of the reasons why the elderly are increasingly turning to cryptocurrencies in order to increase their asset holdings is “for the future relief of family and grandchildren to eliminate anxiety about old age,” the center explained.
What Seniors Will Learn
The course is divided into two parts: “Basic operation and maintenance of virtual currency” and “Investment know-how of virtual currency and measures against taxation.”
The former teaches how to open an account at a crypto exchange, how to purchase cryptocurrencies using Japanese yen, and how to store crypto in wallets and cold storage. In addition, students will learn how to send and receive crypto remittances. This part will also touch on security such as two-step authentication and safekeeping and restoration of private keys.
“For beginners who do not know how to buy virtual currency, we will instruct [them] carefully from the beginning, including how to use a personal computer,” the center elaborated, emphasizing that:
Even if you are inexperienced, even if you are not good at personal computers, you can start investing in virtual currency during the course period!
The second part teaches fundamental analysis using Twitter, technical (chart) analysis using Tradingview and Cryptopia. Students will also learn some “promising altcoin watching methods,” how to create diversified investment portfolios, and tax measures or tax saving methods for those with capital gains.