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American Moms and Dads Spend an Average of $766 on Crypto Education

  • News
  • August 24, 2022
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According to the survey, American moms and dads who are learning crypto currently spend an average of $766 on after-school crypto education for their children.

A new study found that two-thirds of American parents and college graduates who understand or have dealt with cryptocurrencies believe that cryptocurrencies should be taught in schools to learn about the future of our economy. In a new survey published by online education platform Study.com, the company found that 64 percent of parents and 67 percent of college graduates believe that cryptocurrencies should be part of compulsory education.

The two groups had slightly different opinions on the blockchain, the metaverse, and non-fungible tokens (NFTs), although only about 40 percent believed that these topics should also be included in the curriculum.

884 American Parents and 210 American university graduates were screened to ensure that subjects had a sufficient level of understanding of blockchain, cryptography, NFTs, and metauniverse technology to participate in the survey.

The results come amid growing awareness and adoption of digital currencies in the United States. According to the data research center, Pew has heard about 88 % of Americans have heard of minimum encrypted currencies, and 16 % of the United States. Residents have invested or exchanged money in their life.

Parents and college graduates with crypto investments are more likely to contribute to crypto education, the survey found, with three-quarters of parents in crypto households investing an average of $766 in their children’s crypto education, while three-quarters of parents invest in crypto education. Graduates spent an average of $1,086 on education.

The University of Connecticut and Arizona State University are among the US colleges that offer introductory courses in blockchain technology and cryptography programs. According to Connecticut professor Marian Lewis, a 14-week elective at her university is designed to help students“learn how to manage cryptocurrencies and how such digital assets impact our economy.”

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

The survey found that both groups agreed that knowledge of “the future of our economy” is critical and a tool to “diversify investments,” “create opportunities” and “develop an investment mindset.”

In an interview with Cointelegraph in May, Colin Miles, CEO of TZ APAC, said that within three to five years, cryptocurrencies could be integrated into secondary and tertiary schools’ curriculums stating: 

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

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