Cryptocurrency has significantly impacted the finance world, especially with the younger generation. It has also affected how transactions are executed, and people invest in startups.
There have been many discussions about cryptocurrencies in the media, whether good or bad, why they should be regulated, etc. But even those against its establishment as a legal tender and seeking regulation know it’s not a temporary trend. It’s come to stay. Apart from the popularity of bitcoin and other altcoins, perhaps the biggest impact of cryptocurrency is the underlying blockchain technology backing it. What was originally a decentralized digital ledger has become a promising technology used across many industries. It has helped to introduce new safety standards and transparency for storing different kinds of data.
Now, the discussion around cryptocurrencies is whether or not they should be taught to university students. The good news is that some schools have already adopted this as an elective course and have started teaching interested students. Many students are now taking blockchain or cryptocurrency classes, even in departments/faculties that are not science or tech-related, such as economics, law, humanities, etc. There are also students taking online courses to learn more about crypto.
The trend of universities creating crypto-related courses and teaching them to students is an important one that will become the standard. All students should have to write essays and assignments about crypto, even if they’re likely to outsource it to a college paper writing service. There are many positive reasons why crypto should be learned in universities. These are a few of them:
- It gives students new career opportunities
Cryptocurrency opens a world of promising career opportunities for young students. There are several jobs that they can take up after school as crypto enthusiasts. Some of these are:
- Crypto miner, developer or analyst
- Blockchain developer
- Blockchain-based software developer
- Cloud engineer for blockchain protocols
Many of these positions related to blockchain and cryptocurrencies can offer as much as $100,000 for talented developers. This makes it a good path for many students to follow. The blockchain and cryptocurrency industry is also fast-growing, so that more vacancies will open up in the coming years.
- It teaches online security
One of the many positives of teaching crypto and blockchain technology in school is that it introduces and teaches new standards for online safety. Blockchain is decentralized and uses advanced encryption, making it a safe online payment method. This system is self-regulated and completely independent. So, it doesn’t require a third party to process and store sensitive information manually. It allows people to check the records of crypto transactions, but accessing other users’ personal information is impossible.
- It opens students up to more investment opportunities
The main reason behind the popularity of cryptocurrencies, which allowed them to grow very fast, is that many people saw blockchain as a reliable investment opportunity. People needed to understand the main principles behind crypto and how the market works. The moment this became common knowledge, many people started investing, and it became very popular.
Teaching students about blockchain and cryptocurrencies in class means they can invest early in them, and the knowledge they get from it can help them make a profit. Even those not interested in trading cryptocurrencies can learn more about modern finance trends by attending crypto classes.
Also, regulation has started to set into the crypto market gradually. So, in the near future, there may no longer be strong volatility problems. This means traders can invest more confidently to add to their portfolios and diversify their investments.
- It has a significant impact across several industries
Blockchain and cryptocurrencies have a far-reaching impact than being limited to online payment. Blockchain technology has influenced several industries, and it has proven its impact in helping companies cut operational costs and remove cross-border payments. This makes the record-keeping more secure, as it’s difficult to hack the decentralized systems. Also, many commercial banks will likely adopt cryptocurrencies fully in the coming years.
- Governments now take crypto seriously
It’s hard for any individual or government to ignore the impact of crypto and blockchain technology. So, it’s understandable that the governments of different countries and major financial institutions are becoming more interested in these digital currencies. They’re now seeking possible means to regulate and institutionalize them. Many countries like China, Japan, Sweden, and Singapore have either created their cryptocurrencies already or have made plans to do so. This proves how important crypto is to the global community. So, it’s important to equip students, the nation’s future, with the necessary understanding of blockchain technology and cryptocurrencies. This should be crucial to studying economics and finance; otherwise, they might struggle to see the full picture.
Conclusion
Cryptocurrencies play a crucial role in today’s world and will continue to do so. One of the best ways to secure the future is to start teaching students about this impactful technology.
