According to a Coinbase study, about 20% of Students Own Cryptocurrency
A study conducted by Coinbase revealed that almost one-fifth of college students have invested in cryptocurrency and about 9% have formally studied it.
Coinbase partnered up with Qriously, which is the largest US Wallet provider and exchange. The two entities took a poll of 675 United States institutions as a part of this project. They surveyed both US and international institutions.
One of the findings of the study was that in total, almost half of these institutions offer at least one course associated with cryptocurrency or blockchain technology. 21 out of the 50 top universities as ranked by U.S. News and World Report offer these classes.
Bill Maurer, the dean of the School of Social Sciences at the University of California Irvine, stated,
Students today are really thinking deeply about economic issues and alternative economic futures.Teaching about this kind of stuff now can be really powerful for students that are trying to find their own way and envision what kind of possible alternatives there might be to the prevailing economic system.
However, what is interesting is that the interest in this relatively new cryptocurrency is not only limited to related fields like finance, computer science or general business. This survey by Coinbase found that there is interest in cryptocurrency by a diverse range of students.
34% of computer science majors and engineering majors indicated that they were interested in learning about cryptocurrency whereas 47% percent social sciences majors said that they were interested in this as well. About 18% of students who were surveyed said that they had invested in cryptocurrency.
According to Professor Dawn Song from the Computer Science department at the University of California-Berkeley, her class ‘Blockchain, Cryptoeconomics and the Future of Technology, Business and Law’ was so in demand that over 200 students beyond capacity were not able to take it.
Some of the responses to these results are,
This is so amazing and most people are still just blind to what’s currently happening. Great time to be alive!
@JackNaneek however, had a different perspective. They tweeted,
As Krugman says, it’s probably a fad!
We are only getting started!!!
A lot of the tweets were related to college student debts.
Hopefully they bought #BTC to hedge against all the student loans they took out.
It goes well with student debt. I should know. Double screwed rn.
While talking about the Social Sciences Bill Maurer also said that learning about finances also prepares students from different disciplines about the job market today. He further added,
There’s a huge demand out there, especially in the design space, for people that have the skills that we train anthropologists with, understanding the human side of technology.
Universities like Stanford, Cornell and Georgetown are increasing their research in cryptocurrency and blockchain to accommodate the increased interest.
David Yermack, a professor at the Stern School of Business at NYU said that to serve the increased interest, his course on blockchain technology will be offered in both semesters. To give an idea of this increase in interest, in the first semester of the course, only 35 students registered. However, In Spring 2018. 4 years after the course was introduced, 280 students enrolled.
Benedikt Bunz, a doctoral student at Stanford talked to Coinbase about the results of the study and said that people with knowledge about cryptocurrencies have an easier time finding jobs after graduation because of the high demand of these skills.