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In the recent past, we’ve seen an astounding increase in cryptocurrency interest worldwide. The modern world requires modern technology, and as we come to understand finances and new technologies, the closer we get to a complete digital financial system. Sooner rather than later, the people of the world will be faced with the necessity to learn to operate with digital currency, hence why more and more people are starting to educate themselves on the subject.
In this article, we would like to discuss the importance of crypto education and literacy in this rapidly evolving world.
Crypto Literacy Data Available to Us
First, let’s examine the data around this whole. We will use the results of a 2022 survey conducted by cryptoliteracy.org as the basis for our conversation today.
The survey was conducted in the U.S. and has shown that there is a large discrepancy in knowledge around cryptocurrency and digital assets as a whole. Approximately 90% of people who took this survey scored lower than 60%, which was the established passing score of the survey. However, when compared to the previous year, where only 4% of the respondents passed the survey quiz, the progress doesn’t look that bad right. This same quiz has shown that the amount of people owning crypto or digital currency has increased drastically. While it was only 17% in 2021, in 2022, it skyrocketed to a whopping 32%.
With the amount of people holding crypto and people knowledgeable about it having such a giant gap, there is bound to be a problem. Especially when you take into account how easy it is to find information and knowledge about this subject online nowadays, it is really inexcusable that so many people invest in something they know very little about. Without proper knowledge in the field, it is incredibly easy to invest in something that would never bring you dividends.
And as the world is running forward, you wouldn’t want to be left behind, right?
Sources of Education in the Field
Online courses are all the talk right now. On social media, from friends or influencers, you’ve all heard about them, a brand new way of learning real skills in a short amount of time. We’ve heard of online courses on everything from marketing to nail care, and what will you have? Cryptocurrency wasn’t left out either. There’s a myriad of sites and platforms offering courses on crypto literacy on the modern-day internet. In a thousand different languages, in levels ranging from beginner to pro, you will always find an online course about crypto that could teach you something new. These online courses offer us a great opportunity to partake in a systematic, organized way of learning about cryptocurrency, which is often not the case with other education sources in the field.
The real problem isn’t finding them but picking out more legitimate ones, though. For our recommendations, we suggest websites like Coursera or Udemy, both of which offer extensive online courses on everything crypto and blockchain. Most of these, if not all, are compiled and curated by veteran experts in the field who have a big library of practical knowledge to share with you.
If you’re a beginner in the field and aren’t quite sure you want to sign up for an online course yet, we urge you to check out Coinbase Learn. They post publicly available articles that delve into the cornerstones of decentralized finance. Really, it’s the best place to start as a beginner.
If you’re interested in the more technical side of things, Investopedia might be the place to go. It has been up and running since 1999 and aims to bring complex and comprehensive data on investments and financial history into a new, more understandable, legible form.
Learning about crypto is sort of like learning a new language in the sense that you shouldn’t only practice skills associated with it; you need to live it. Therefore, our next suggestion is to emerge yourself in the sea of cryptocurrency news. Stay up to date with the freshest, hottest happenings in the digital asset world with websites and newsletters like CoinTelegraph and CoinDesk. In addition, there’s an ocean of telegram channels that you can follow for your everyday fill of news. For our Russian-speaking audience, we suggest taking a look-see at ForkLog.
Once you’ve signed up for online courses, start following crypto news daily; once you’ve done all that, there’s still one source of insight that lies untapped. Youtube influencers! The crypto content on YouTube can rival any other platform in existence. Content ranging from wallet tutorials to news breakdowns, you can find it all. We suggest that you check around this part of YouTube to see what type of content you like as entertainment is merged with education.
Our recommendation in this field has to be WhiteboardCrypto. This YouTube influencer manages to explain complex networkings and machinations of the blockchain network and crypto in general in just a few simple terms, metaphors, or comparisons. And all their content is accompanied by charming animations.
To cap things off, if you want a comprehensive media channel that will serve all of these needs at once, we suggest Cointreau. The platform boasts a good repository of news articles and guides/tutorials about various topics in the crypto sphere while also managing a YouTube account on the side. However, we have to note that some of the content here is aimed towards more advanced learners.
How This Sort of Knowledge Can Help You in the Future
Barring the obvious, you might be wondering how this type of knowledge can benefit you. Believe us, even if you’re a person who has never been interested in crypto and is sure that they never will be interested, there are still a bizarre amount of perks associated with learning this stuff. Most importantly, as the world shifts into a more decentralized digital finance structure, your previous internet knowledge and know-how might become obsolete. With new mechanisms and network schematics being developed and released every day, you might find yourself suddenly submerged into a new world without any knowledge of how it works and how to get around it. By simply following a few influencers here and there and reading up on your daily dose of crypto news, you can boost the level of your security immensely.
Moreover, with the crypto sphere expanding rapidly, it wouldn’t surprise us if we start seeing a niche form where big companies and corporations will need experts in the field to help them make business decisions. This is where you could chime in. A new job opportunity is always exciting, isn’t it? If you study cryptocurrency today, it might secure you a high-standing position in one of the great companies of the world in the future.
Not to mention that cryptocurrency has proven itself to be a very worthwhile investment if done right. The market always fluctuates, and if you learn to see and predict its fluctuations, a currency that’s worth very little now could be worth a fortune in the future. And once again, learning to see these patterns and learn is completely free.
At the End of It All
Cryptocurrency is by far the fastest-growing finance field currently, and it’s predicted to spearhead us into a completely new internet landscape. Learning a few things about it here and there now would benefit everyone. The more you learn now, the better prepared you are for the future and the more secure you are against fraudulent activities that might fall on you with the change of the virtual age.
