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November Is Crypto Literacy Month

Posted by Gerald Roberts on November 01, 2021 - 9:55pm


Author:
Pete Pachal.
 


Few people in the world possess even basic knowledge of cryptocurrency. Crypto Literacy Month aims to change that.





 

Crypto is on the rise. Crypto knowledge, however, is stuck on the runway: It turns out that 96% of U.S. adults can’t pass a test on crypto basics.

That’s according to the results of a survey that polled over 1,000 people in the U.S. and thousands more worldwide. Nine out of 10 people were not aware of bitcoin’s supply cap of 21 million, and less than half had an understanding of how the asset’s price is determined.

While overall awareness of crypto may be at an all-time high, clearly the industry has work to do to equip more investors with the knowledge and tools to take part in this new asset class. That’s the impetus behind Crypto Literacy Month, an initiative that aims to promote greater consumer education about crypto and bitcoin, the concepts behind them, and the ways investors of all types can integrate digital assets into their financial planning.

CryptoLiteracy.org was created by Coinme, a cryptocurrency cash exchange that powers thousands of physical locations through partnerships with Coinstar and MoneyGram. (Disclosure: CoinDesk’s parent, Digital Currency Group, is an investor in Coinme.) Visitors to the site can take the same survey that created the initial results. CoinDesk is the official content partner of Crypto Literacy Month, and respondents will be given the opportunity to dive deeper into the basics and beyond with Crypto Explainer+, where CoinDesk breaks down the often complex world of cryptocurrency in easy-to-understand articles.

Every week in November, CryptoLiteracy.org will highlight a specific topic in crypto, starting with bitcoin. Subsequent weeks will dive into non-fungible tokens (NFTs), decentralized finance (DeFi), and important security basics every crypto investor should know. Watch CoinDesk’s social channels on Twitter, Facebook, LinkedIn, and TikTok for tidbits from the theme weeks, and you can take the survey at CryptoLiteracy.org to test your own crypto knowledge.

When you’re on the outside looking in, the world of crypto often seems impenetrable. Knowledge is the key to getting in, and Crypto Literacy Month aims to spread that knowledge – one day at a time.

Best US Crypto Exchange for beginners and pros Buying and Selling digital currency.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets, and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



 

Svetlana N thank you for sharing
November 5, 2021 at 3:32am
Simon Keighley Crypto Literacy Month sounds a great way to educate us about the benefits of crypto and the blockchain. Thanks for sharing, Gerald.
November 2, 2021 at 9:12am
Valeriya thank you for sharing
November 2, 2021 at 4:41am
Charles Phillips I love the idea of selecting a month to highlight cryptocurrency education.
November 2, 2021 at 3:09am
Gerald Roberts It sounds like financial advisers have a lot of work cut out for them, of course, basing that on how accurate these surveys are. One can only guess. I think there's a considerable amount of free educational material available for those who care to do their research.
November 1, 2021 at 10:04pm