It’s fitting that the first ever Crypto Literacy Month wraps up on the day of the year best known for donations and philanthropy. Giving Tuesday follows the crush of Black Friday, and more recently the frantic clicks of Cyber Monday. It’s a moment to pause, reset, and reflect about what is really important as we …
As we approach the end of Crypto Literacy Month 2021, it’s a great time to reflect and think about the true meaning behind all of the hype and excitement surrounding cryptocurrencies. During big market upticks, it can sometimes be easy to forget why these technologies matter so much and all of the things that widely-adopted …
Security best practices Cryptocurrencies offer a tremendous amount of freedom, but that freedom comes with a responsibility. In the case of crypto, the tradeoff for a more direct, fair, and accessible financial system is that cryptocurrency users each need to be more mindful of security and safekeeping. After all, in a truly decentralized world, there …
What to do with a hundo? Participants in the recent Global Crypto Literacy Survey were asked how they would invest a hypothetical hundred dollars. Most respondents in Mexico said they would go all in on crypto. Respondents in Brazil mainly answered that they would invest in crypto and traditional stocks. In the U.S. respondents said …
Simplify, simplify According to the recent Global Crypto Literacy Survey, most of the world still thinks that purchasing crypto is cumbersome. Put another way, of the survey respondents who answered from the U.S., 38 percent said purchasing crypto was easy. Meanwhile, 36 percent of respondents from Mexico and 31 percent from Brazil said purchasing crypto …
Bitcoin as a safe haven Participants in the recent Global Crypto Literacy Survey were asked about how they felt about their traditional government-backed fiat currencies. The largest response in the U.S. (39 percent) said that they felt the dollar was somewhat stable, while 24 percent reported feeling that the dollar was somewhat unstable. Of the …
Crypto portfolio size According to the recent Global Crypto Literacy Survey, most respondents who own crypto report owning more than one kind of cryptocurrency or crypto token. In Mexico and Brazil, the number of cryptos owned ranged from one to five. In the U.S., the average respondent owned six cryptocurrencies. A basket approach to cryptocurrency …
The crypto market never sleeps According to the recent Global Crypto Literacy Survey, 12 percent of participants in the U.S. are planning to buy or sell cryptocurrencies in the next six months. In Mexico, 28 percent of participants say they are planning to buy or sell cryptocurrency in the next six months, and in Brazil …
12% of Americans intent to buy or sell crypto in the next 6 months Read More »
DeFi is still fuzzy According to the results from the recent Global Crypto Literacy Survey, only three percent of respondents could answer a question defining decentralized finance, or DeFi. Of the respondents, more than half (55 percent) didn’t even have enough context to formulate a DeFi definition. The term decentralized finance was first used in …
Crypto ownership: A breakdown Data gleaned from the recent Global Crypto Literacy Survey provided some interesting details about how the world understands cryptocurrencies. It also showed some interesting trends about who owns cryptocurrencies. Here are some high level trends worth noting: Crypto ownership by age As mentioned in a previous post, Baby Boomers are getting …
