Japan has always been at forefront of technology. The citizenry cutting across age barrier is intrigued by cryptocurrency and given its huge profit potential want to invest in cryptocurrency.
However, the understanding of Cryptocurrency is shallow. Hence, Japan’s Cryptocurrency support centre has launched an extensive investment course for middle-aged and elderly citizens. It is the first virtual currency investment course for the seniors
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 boast of a massive network across the globe, including overseas exchanges and currency issuers. It aims to promote informed development of the virtual currency industry.
‘’In the past, investment in 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.”
The reason cited by elderly to participate in this course is to increase their asset base and future relief of family and grandchildren and to eliminate anxiety about old age, the centre explained
The pedagogy for seniors
The course is bifurcated into two parts. “Basic operation and maintenance of virtual currency” and “Investment know-how of virtual currency and measures against taxation.”
The first part will teach how to open an account at a cryptocurrency exchange, how to store crypto wallet, How to convert yen into cryptocurrency. Moreover, the students will learn the exchange of cryptocurrency. This part will also touch upon security such as two-step authentication, safekeeping and restoration of private key
“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 will cover fundamental analysis using Twitter, Cryptopia, using trading view and technical analysis. Moreover, students will be taught how to track some promising altcoins. They will also be made to realize the power of creating diversified portfolio and tax measures or tax saving methods for those with capital gains