Crypto Adoption Depends on Education
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Cryptocurrency has come a long way since 2018. After a major crash following the ICO scams that were abundant in the industry, this financial field has had an impressive few years. Yet, adoption is nowhere near where it could be for this industry.
In fact, November 2022 has some of the worst statistics for the perception of cryptocurrency to do. While in March, around 50% of Americans had either a positive or neutral view of crypto, that number has fallen to only 24%. Right now, only around 8% of Americans have a positive view of cryptocurrency, with nearly 43% having a negative one.
With the recent FTX exchange news causing another massive downturn for cryptocurrency, those that are within the market are facing a period of panic. While the industry spirals further into a crypto winter, people are withdrawing their money faster than ever before. With slowed adoption, a falling market, and a declining market cap, many people see this as the end of crypto.
Yet, an equal number of people see this moment of crisis as a turning point. There needs to be something that shifts the public perception of cryptocurrency and its applications. We believe that this force of change lies in cryptocurrency education, with accessible knowledge leading the way toward adoption and a rebound in price.
In this article, we’ll take a look into the current state of cryptocurrency education, demonstrating how accessible academies, workshops, and public information will help to bolster adoption as we move into 2023.
There are three main reasons that cryptocurrency adoption is currently at a three-year low. Each
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