Survey reveals 64% of blockchain-savvy US parents want cryptocurrency taught in schools

Survey reveals 64% of blockchain-savvy US parents want cryptocurrency taught in schools

According to the survey, cryptocurrency-educated US parents are already investing an average of USD 766 in their children’s extracurricular education.

More than two-thirds of US parents and college graduates with knowledge of or involvement in cryptocurrencies believe cryptocurrencies should be taught in schools so that students “learn about the future of our economy”, according to a new study.

In a survey recently published by online education platform Study.com, the firm found that 64% of parents and 67% of college graduates surveyed believed that cryptocurrencies should be part of compulsory education.

Source: 2022 Study.com Survey

However, both groups had a slightly different opinion when it came to blockchain, the metaverse and non-fungible tokens (NFTs), with only around 40% believing that these subjects should also be included in the curriculum.

In order to participate in the survey, parents and college graduates were screened to ensure that subjects had a sufficient level of understanding of blockchain technology, cryptocurrencies, NFTs and the Metaverse, and anyone who did not understand the topics was disqualified from participation. The survey included 884 US parents and 210 US college graduates.

The findings come amid growing awareness and adoption of cryptocurrencies in the US. According to data research centre Pew, around 88% of Americans have at least heard of cryptocurrencies, while 16% of US residents have invested or traded cryptocurrencies at some point in their lives.

The survey found that both parents and college graduates who had invested in cryptocurrencies are likely to contribute money to crypto-education; three-quarters of parents who invest in cryptocurrencies are contributing an average of USD 766 to their children’s crypto-education, while more than three-quarters of graduates who invest in cryptocurrencies spend an average of USD 1,086 on education.

The University of Connecticut and Arizona State University are among the US universities that have introduced introductory courses in blockchain technology and cryptocurrency applications. According to Connecticut professor Marianne Lewis, her university’s 14-week elective class is designed to help students “learn how to manage cryptocurrencies and learn about the impact of these digital assets on our economy”.

Prestigious universities such as the Massachusetts Institute of Technology (MIT) and Harvard University have also started offering similar courses.

The survey also found that both groups agreed that learning about “the future of our economy” was most important, as well as a means to “diversify investments”, “to create opportunities” and “to develop an investment mind”.

Fuente: 2022 Study.com Survey

In an interview with Cointelegraph in May, TZ APAC CEO Colin Miles suggests that cryptocurrencies could be incorporated into secondary and tertiary school curricula within three to five years, saying:

“Overall, this trend will become a mainstay because a large number of new and exciting jobs will come from the Web3 environment. It is therefore incumbent on educational institutions to help prepare their cohorts of students for this important change”.

New York City Mayor Eric Adams also said in an interview last year that local schools should embrace blockchain technology and digital assets:

“We must open up our schools to teach [blockchain] technology, to teach this new way of thinking”.

Source: Cointelegraph

Disclaimer: The information set out herein should not be taken as financial advice or investment recommendations. All investments and trading involve risk and it is the responsibility of each individual to do their due diligence before making any investment decision.

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