Does the cryptocurrency sector have a financial literacy problem?
UC economist tells Cointelegraph cryptocurrency adoption can help improve financial literacy
Volatility has been a characteristic of cryptocurrency markets, which a report from PiP World attributed in part to low financial literacy rates among cryptocurrency owners, Cointelegraph reported.
Michael Jones, PhD, director of the Cryptoeconomics Lab at UC Digital Futures.
However, not everyone buys into the premise that literacy is the problem.
A University of Cincinnati survey, conducted by the Cryptoeconomics Lab at UC Digital Futures, found cryptocurrency owners score higher than non-cryptocurrency owners in financial literacy.
Michael Jones, PhD, a Carl H. Lindner College of Business assistant professor of economics and director of the Cryptoeconomics Lab, said it makes sense that cryptocurrency owners would want to learn more about the traditional financial sector.
“I would argue that cryptocurrency adoption can be an effective vehicle for increasing financial literacy,” Jones told Cointelegraph.
The Cryptoeconomics Lab has developed a survey to test individuals’ knowledge about cryptoeconomics.
Featured image at top: Close up shot of Bitcoin and other cryptocurrency coins on a $100 bill. Photo/ozgurdonmaz via iStock
Innovation Lives Here
The University of Cincinnati is leading public urban universities into a new era of innovation and impact. Our faculty, staff and students are saving lives, changing outcomes and bending the future in our city's direction. Next Lives Here.
Related Stories
‘Designer drug’ shows early neuroprotective signal in acute ischemic stroke
October 28, 2025
Medscape highlighted new trial results led by the University of Cincinnati's Eva Mistry that found an experimental drug shows promise in protecting injured brain cells for patients with acute ischemic stroke.
Is menstrual fluid ‘the most overlooked opportunity’ in women’s health?
October 27, 2025
The Guardian recently reported that period blood has long been thought of as ‘stinky and useless’, but startups are exploring using the fluid to test for a wide range of health conditions — including endometriosis.
What is squalane, and how does it work to moisturize skin?
October 27, 2025
The University of Cincinnati's Kelly Dobos was featured in a Women's Health article discussing squalane, an ingredient being increasingly used in moisturizing skincare products.