A new study performed by Study.com shows that 64% of the US pro-crypto parents believe that cryptocurrency should come to US classrooms. Additionally, 40% of the participants think that blockchain technology should be taught at schools as well.
But there was a very interesting note in this survey:
More than three-quarters (of parents) have contributed an average of $766 to their children’s education using profits from crypto.
Considering this, it makes sense that US parents want their children to learn about crypto and blockchain technology and how they can leverage them to improve their financial future. Interestingly, “To Learn About the Future of Our Economy” and “To Diversify Investment” were the top two reasons why parents wanted their kids to be educated on the blockchain, cryptocurrency, and metaverse.
Blockchain in Top Universities
As a trending technology, blockchain has already made its way into some of the most well-known universities around the globe. MIT, Harvard, Stanford, Oxford, the National University of Singapore, and UCL are just a few of the prominent names in the academic world that are offering blockchain courses to their students.
Blockchain and Money, for instance, is a free course at MIT university taught by Gary Gensler, the former MIT professor and the current chair of the U.S. Securities and Exchange Commission. In this course, Gensler talks about “commercial, technical and public policy fundamentals of blockchain technology, distributed ledgers, and smart contracts in both open sourced and private applications.”
According to Study.com’s survey, 33% of college graduates believe that cryptocurrency education should be included in the higher education curriculum while 24% think that it should start as early as high school. Just like the parents, college graduates were leaning more towards crypto education as 67% of participants picked crypto over blockchain technology.
However, one finding showed an interesting view of the new generation on academic education and degree:
86% of college graduates think they would be making more money if they had formal knowledge of the new currencies and tech innovations on the internet instead of their college degree.
Even though this research had a relatively small survey pool, it probably paints the bigger picture of how college grads really view their academic degree and its application in real life.
Can Crypto Education Prevent Extreme Financial Losses Among Traders?
There’s no doubt that crypto and blockchain are here to stay. The innovative benefits that they bring to the table have made them one of the hottest topics of the decade while posing a threat to the grand position of the traditional financial system.
The concept of a Central Bank Digital Currency, for instance, was coined because of this threat as traditional institutions explore their options to compete with the fast-growing popularity of the crypto markets.
But is the crypto space maturing at the same pace as its growing fame?
According to Coinglass, 34,280 traders were liquidated in the past 24h with the total liquidation amount sitting at $104.05 million. This is just a regular day in crypto and as more people enter this volatile, mostly unregulated sphere, the importance of crypto education would be highlighted even more.
Offering crypto and blockchain courses for college students might be a good starting point, but it’s far from enough. This is especially true for blockchain technology as it goes well beyond financial markets and is revolutionizing many other industries such as transportation, healthcare, and logistics.
At the end of the day, our ultimate goal for our children is to prepare them for the future, however, how are we supposed to achieve this through an outdated system when a bunch of new technologies is forming a new future altogether?