Can Bitcoin be a source of intergenerational psychological security?

This is an interesting question, let's discuss it. If we view Bitcoin as a "family heirloom," can it provide the same sense of psychological security across generations as gold or a prime piece of real estate?

I think we can look at this from two perspectives.

On the positive side, it certainly has this potential:

Scarcity, like "digital gold": Bitcoin's total supply is capped at 21 million, and it will never be inflated. This is very similar to gold. Why do we believe gold retains its value? Because there's a finite amount of gold on Earth; once it's mined, it's gone. When something is limited in supply, and more and more people want it, its value naturally increases. Many therefore believe that Bitcoin can resist inflation, unlike fiat currency, which can lose value when too much is printed. From this perspective, passing down an asset that won't depreciate can certainly bring a sense of security.
Ownership is in your hands, no one can take it away: As long as you safeguard your private key (a long string of characters), your Bitcoin truly belongs to you. It's not held in any bank or institution; no one can freeze it, and no one can seize it from you (unless you are scammed or hacked). This feeling of "sacred private property inviolability," in certain specific environments, is something that houses, stocks, or even bank deposits cannot provide. You can take your Bitcoin (which is essentially just remembering that string of characters) anywhere in the world, and it remains yours. This sense of freedom and control is a significant source of psychological security.

However, from a realistic perspective, the problems and risks are equally prominent:

Price volatility comparable to a roller coaster: This is currently Bitcoin's biggest issue. Today you might feel incredibly wealthy, but tomorrow your assets could shrink by half. Such drastic fluctuations are completely contrary to the pursuit of "psychological security." True security comes from stability and predictability, which Bitcoin clearly cannot offer yet. It's hard to imagine a family entrusting generations of hope to something with such unstable pricing; the daily emotional ride would be intense.
Technical barrier and inheritance risk: To store gold, you need a safe; to store a house, you have a property deed. But to store Bitcoin, you need to understand concepts like private keys, seed phrases, and cold wallets. This presents a barrier for ordinary people. More critically, how do you pass it on to the next generation? If you write the private key on paper, it could be lost, burned, or stolen. If you only keep it in your mind, in case of an accident, this wealth would be forever lost in the digital world. This fragility of inheritance significantly reduces its reliability as a "family heirloom." One mistake, and generations of accumulation could be wiped out, bringing not security, but immense anxiety.
The future remains full of uncertainty: Bitcoin has only been around for a little over a decade. Compared to gold's thousands of years of history, it's still an "infant." Will a better technology emerge to replace it in the future? How will government regulations change? These are all unknowns. Placing hope in an asset that hasn't undergone sufficient time-testing is inherently a gamble.

To summarize my view:

Currently, it's too early to consider Bitcoin an asset that can provide intergenerational psychological security.

It's more like a high-risk investment, or perhaps a "faith investment" in future technology. For those who can tolerate high risks and are technically savvy, holding it might bring excitement and peace of mind due to the sense of control and anticipation for the future.

However, for the vast majority of ordinary families seeking a stable life, its immense volatility and the complexity of its inheritance are likely to cause far more anxiety than security. It might be a small part of your asset allocation to pursue high returns, but to treat it as a foundational "family heirloom" for psychological comfort, it probably needs to undergo more time-testing, become more stable, and easier to use.