The global adoption of cryptocurrencies remains growing despite overall decline in the cryptocurrency market, with emerging markets being at the forefront of this process.
According to Chainalysis’ 2022 Global Crypto Adoption Index, almost all top 20 ranked countries are lower or upper middle income, with Vietnam, Philippines, and Ukraine topping the rating. The population of these countries is increasingly turning to cryptocurrencies to send remittances or to preserve their savings in times of fiat currency volatility. “These countries also tend to lean on Bitcoin and stablecoins more than other countries,” Chainalysis blog post states.
Chainalysis Team
The growth of interest in cryptocurrencies fueled an increase in demand for educational courses about cryptocurrencies, which explain both the basics of dealing with cryptocurrencies and more complex mechanisms of investing and multiplying assets with the help of cryptocurrencies.
According to CEO MNNT Michael Christine, “there are lots of people who want to learn more about this emerging technology, but they don't know where to start because most of the existing content is either too technical or too shallow.”
“The best way to fix this problem is by creating scholarly educational content that addresses common questions in clear language and provides practical examples of how cryptocurrency works in real life situations,” he says.
“The education in the crypto field is growing very fast. The thing is that the blockchain sphere is still new and underexplored by many but it not only promises fabulous profits but also actively integrates into everyday life,” reveals Vlad Utushkin, a founder of TTM Academy, which offers a wide range of crypto-related educational programs in CIS countries and now moving to the global expansion.
One of the most attended courses at TTM Academy is a basic course on blockchain and cryptocurrencies for those who have never dealt with digital assets before. Within the course, beginners learn what is blockchain, how to safely create wallets and conduct transactions, know-how about Bitcoin, Ethereum etc. This course helps receive core knowledge about cryptocurrencies and start to use them easier and safer.
As a cutting-edge technology, crypto can be applied in many more fields, such as games, metaverse, NFT, social networking, privacy protection, etc. As there are more and more user cases of crypto, there’re more people all over the world wants to get involved in this industry.
“It can be really helpful if we have courses which explain crypto comprehensively and in-depth. It can cover topics such as why crypto is important, what pain points it solves in other industries, how to integrate crypto with various other industries, what the opportunities and challenges are, how to invest in crypto and how to manage risks,” Jenny Young, founder and CEO of Star Consulting, underlines.
Those who are already familiar with the basics of cryptocurrencies are also in need of in-depth courses on investing and trading where professional traders and capitalists share their experience, help create investment strategies, analyze new projects and avoid scams. They help find the style and strategy, understand risk bearing and profit making, be it long-term investing into secure assets or short-term trading.
The Internet is full of free tutorials dedicated to cryptocurrencies and blockchain, but educational courses attract more listeners every month. The reason is that the information on the courses is given in a structured way, it is selected and verified - in contrast to the ocean of free tutorials and call-to-action educational materials, where worthwhile materials coexist with outright fraud.
“Although there are many articles and information about crypto adoption online, the problem is that in such a large and complex industry, scattered learning materials are far from enough, and it is not conducive to people's understanding of a specific field, such as DeFi, NFT, metaverse, to form a systematic understanding,” Young explains.
Many universities around the world have launched educational courses on cryptocurrencies. But they are mainly focused on the technology standing behind cryptocurrencies and are less likely designed for investment purposes as they are aimed at giving general education about the advantages and disadvantages of the latest technology in the field, Christine notes.
And that's when the paid courses on crypto come to the stage and help people to form a systematic understanding.
“This is like climbing Everest. You can do it by yourself. But if you hire a guide, he will support you during the climb,” Utushkin believes. “A lot of newbies think that cryptocurrencies are like a button “green” during the bull market and a total scam at times when bears come. Reality is far from that. Blockchain is work, sweat and analytics.”