Blockchain courses have started to emerge at schools around the globe. This proves just how huge of a trend cryptocurrency has become over the course of the years. However, there are still many debates that argue whether or not it deserves to be taught in high schools and universities.
The University of California, along with other universities in the US, has started offering a digital currencies course. As the demand from young students increased, high schools have also joined the trend, offering non-curricular lecture sessions regarding cryptocurrency trading like crypto telegram groups and Bitmex trading.
According to New Jersey instructor Timothy Breza, crypto is now part of his Business and Personal Finance course, which he will be teaching to students aged 16 to 18 years old. He told CNN that they decided to include the course as they hear a lot of students talking about it.
Nate Flanders, CEO and co-founder of Mandala Exchange, a cryptocurrency trading platform, tells schools they should consider including blockchain in their courses as it offers a lot of benefits such as coding. He says it helps push coding and the fundamental programming languages into the school systems. He even added that it should become some kind of a complimentary area of study with specializations.
Having been created in 2009, cryptocurrencies are still volatile at present. Even Bitcoin, the first cryptocurrency invented, is subject to the volatile nature of crypto. In fact, it has lost more or less half of its value since the early months of 2018 with the value of $6,400. Although its highest peak has reached almost $20,000 last December 2017, the report of its drop has remained in the minds of people, leaving the impression that the system is still imperfect and calls for better regulation.
Because of its negative side, some economists consider crypto as Ponzi schemes. Some investors have also started to see cryptos in the same view. Famous investor Warren Buffett, for one, has viewed Bitcoin as a “rat poison squared”.
On the bright side, there are those who remain faithful to the potential of cryptos. Christian Ferri, CEO and president of BlockStar, a blockchain advisory company, explained that the volatile nature of cryptocurrency should not discourage educationalists. He said that there’s really no safe form of revenue and that there’s no safe economy driven by arbitrage. In a nutshell, the volatility of crypto shouldn’t be considered as a negative thing but rather, as a positive one as it can be an abundant source of revenue, especially if you’re an investor who knows what you’re doing.
The Department of Education didn’t have objections to cryptocurrency. However, it did not indicate any plans to integrate it into the school curriculum. According to the spokesperson of the Department of Education, the department fully understands how high-quality financial education can be the key for young people to be financially literate enough to make crucial decisions in life.
Indeed, the popularity of cryptocurrency is beginning to put an impact on the lives of many – even those who are still young. With this, it’s safe to say that cryptocurrency should, after all, be taught in schools.