If you will look at the meteoric rise of the entire crypto market in 2017, anyone has to admit that a lot of people who don’t have an idea about blockchain technology have invested in cryptos. It was merely hype and FOMO that made Bitcoin almost reach $20,000.
Considering the number of people now using cryptocurrencies, and the interest shown by institutional investors, should cryptocurrencies be taught in schools? Just by looking at the number of jobs in the blockchain industry, this isn’t a bad call at all.
The University of California is one of the top US universities now offering a course in digital currencies. Among top institutions include New York and Stanford Universities. Cambridge University has announced in 2016 that it would be the first university to have blockchain to be included in their Masters in Finance degree.
And now, there is a demand for cryptocurrencies to be taught among younger individuals. According to New Jersey teacher Timothy Breza, he told CNN that it is now part of his Business and Personal Finance course offered for 16 to 18-year-olds.
According to Breza, “if one student’s talking about it, many of them are talking about it. So I figured we needed to include it”.
Cryptos Should Be Taught in Schools
If you will ask Nate Flanders who runs a crypto trading platform called Mandala Exchange, he said that it should “absolutely” be included in schools. He believes that it is important to discuss blockchain technology especially based on the benefits of coding.
According to him, “What it really comes down to is continuing to push coding generally into the school system”. He also added that “Java, C++, python- these are just some languages blockchain platforms are being built on”. He further elaborated that “With the current push towards integrating the fundamental programming languages into school systems, blockchain should become a complimentary area of study with the possibility to major in it or specialize”.
For Christian Ferri who is the president and CEO of blockchain advisory company Blockstar, he believes that despite the bearish trend that cryptos are experiencing, this shouldn’t deter educators from teaching the students. He mentioned that “There’s no safe form of revenue. If that wouldn’t be the case, any economy commonly driven by arbitrage as we know it, wouldn’t exist”. He added that “volatility is the trader’s best friend, and can be a great source of revenues if you are an investor and know what you’re doing”.
Ferri believes that the lessons should help students in “understanding what value is”. He also thinks that the lessons should enable the students to understand that the price can change at any given time. The good news is that the
No Objection from the Department of Education
Department of Education did not have any objections in making it part of financial literacy in a school curriculum. a spokesperson of the Department of Education mentioned that “we know that high-quality financial education is key to making sure that young people have the knowledge to make important decisions later in life”.
In fact, Ripple has also been known for donating $50 million in order to help develop professionals who can specialize in today’s blockchain world.