Crypto ownership lag According to data collected during the recent Global Crypto Literacy Survey, of the respondents that said they know about crypto, there are still low ownership rates. Here’s a breakdown of ownership based on geography of people who answered they were aware of cryptocurrencies: 17 percent of respondents from the U.S. own crypto …
NFTs still fuzzy There are still a lot of newcomers to the metaverse. Data from the recent Global Crypto Literacy Survey shows that 6 out of 10 respondents couldn’t answer questions about non-fungible tokens (NFTs). This data could actually be interpreted two ways: One, for many, 2021 feels like the year of the NFT. Between …
Boomers and bitcoin According to data gleaned from the recent Global Crypto Literacy Survey, crypto literacy drops off with age. The study found that 67 percent of Baby Boomers couldn’t answer basic cryptocurrency-related questions. The skew of crypto knowledge towards younger generations makes sense — after all, it follows the same adoption path as other …
Crypto is global trend The recent Global Crypto Literacy Survey surfaced some interesting data and insights. One interesting item was that respondents in Mexico felt like they had more crypto awareness or knowledge than was reported by respondents in the U.S. or in Brazil. There are likely a number of reasons for the data to …
Mexicans rate themselves more knowledgeable about crypto Read More »
Owning bitcoin is the best teacher Responses from the recent Global Crypto Literacy survey show that people who own cryptocurrency are twice as likely to answer crypto-related questions correctly when compared to people asked about crypto but who don’t own any. On the surface, this data point makes sense. People who own crypto know more …
Bitcoin’s transaction fees According to responses from the recent Global Crypto Literacy Survey, only 1 in 10 of the survey’s participants have clarity about how bitcoin transaction fees work. Here are a few high level points about bitcoin transaction fees: Use of the bitcoin network does come with a cost, known as a transaction fee …
About bitcoin’s upward price trend Only 4 in 10 respondents of the Crypto Literacy Survey correctly answered the question about what drives bitcoin price. The most straightforward way to think about why bitcoin’s price keeps climbing higher and higher is because of the basics of supply and demand. Bitcoin’s supply In a separate post, we …
Bitcoin’s fixed supply The results of the recent Crypto Literacy Survey show that 9 out of 10 respondents don’t understand the basics about bitcoin supply and demand. But one of bitcoin’s greatest attributes — and one of the things that will drive the bitcoin price higher — is the currency’s value is its fixed supply. …
9 out of 10 lack a basic understanding of bitcoin’s fixed supply Read More »
Welcoming crypto literacy The global adoption of cryptocurrency systems represents a massive shift in the way we do things. At the macro-level, cryptocurrencies and decentralized technologies will change the way we organize, communicate, and structure ourselves. At a micro-level, cryptocurrency technologies will enable equitable access and personal freedom in ways that legacy systems can’t (or …
