Should Cryptocurrency be taught in School?

Despite the fact that the idea behind bitcoin persists to separate its supporters and critics, the interest for digital currencies or cryptocurrencies, like the perfect money to bitcoin exchange, has moved from the business domain to the lecture halls and classrooms seeing that courses on blockchain materialize in academic institutions like high schools and universities all over the globe. However, the question is, should cryptocurrency be taught in the classroom?

One exclusive institution of higher education in the US, the University of California, is now offering lessons on cryptocurrencies, alongside universities in New York, Pennsylvania, and Stanford. Some high schools were urged to begin offering educational sessions on cryptocurrencies which are non-curricular since many students in high school were asking for it. Timothy Breza, a teacher in New Jersey, told CNN that cryptocurrencies are now part of his course in Business and Personal Finance for students ages 16 to 18 years old. According to Breza , “If one student is talking about it, many of them are talking about it. So I figured we needed to include it.”

The University of Cambridge in the UK announced in 2016 that in their degree on Masters in Finance, the blockchain technology was integrated. They are the first university to incorporate the said degree and blockchain.

So, should the whole idea of crypto be taught in schools?

According to Nate Flanders who manages a trading platform on cryptocurrency, academic institutions should “absolutely” incorporate blockchain grounded on the advantages of coding.

“What it really comes down to is, continuing to push coding generally into the school system.” says the Co-Founder & CEO of Mandala Exchange to Express.co.uk. “With the current push towards integrating the fundamental programming languages into school systems, blockchain should become a complimentary area of study with the possibility to major in it or specialize.”

Digital currencies are yet at its early stages and their instability or volatility have been radical. In the early months of 2018, Bitcoin collapsed to the $6,400 mark losing half of its worth. It was at its height back in December of 2017 where it reached nearly $20,000. Nonetheless, its fall is indicative of the trade’s susceptibility to hacking and invokes for control.

Christian Ferri the President and CEO of Blockstar, a company that advises on blockhain, states that the volatility of these digital currencies should not discourage educators. Supporting a basic instruction of ideas would encompass “understanding what value is” and allowing pupils to perceive that a specified value can shift anytime as directed by the behavior of the market.