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Bitcoin survey suggest Cryptocurrencies are here to stay

Recently Coinbase conduct a survey to predict the future of Bitcoin and other cryptocurrencies. The results were not surprising. Bitcoin and other crypto currencies have been exposed to students in the world. According to survey, less than 1% of the world population holds crypto currency but 18% students in US alone have been involved in crypto related exchanges. They responded by saying that either they own or were owner of Bitcoin or any other crypto currency. That is twice the rate of general population owning the crypto currency.

Students are often seen as future leaders. They shape the trends and the rest of the world follows. Facebook, which is the largest social network right now was initially exposes to students of one university than it grew to more universities and finally to the world. In few years, these students will be in mainstream workforce and only then crypto currencies will take another shape. It is predicted that in few decade, crypto currency could be a new norm that would be using by ordinary people to buy groceries or loaf of a bread.

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Figure Source : Coinbase

According to Coinbase:

When David Yermack, the finance department chair at New York University Stern School of Business, first offered his course on blockchain and financial services in 2014, 35 students signed up, eight fewer than the school’s typical elective.

By spring 2018, the number of enrolled students climbed to 230, forcing Stern to move the class to its largest auditorium. Coinbase found that 42% of the top 50 universities around the world offer at least one class on blockchain or cryptocurrency, and 22% offer more than one. Universities are hiring professionals in blockchain or crypto to fill in the demand.

Coinbase reviewed some course catalogues of big universities and find out that crypto related courses are not taught in computer science department but they have been introduced to finance and social science students as well. Meanwhile the biggest cryptocurrency Bitcoin seem to reach the psychological mark of $7,000, which is highest in two weeks.

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