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
Driven by curiosity, guided by care
May 14, 2026
Max Wilson, a University of Cincinnati College of Allied Health Sciences health sciences major on the pre-physician assistant track, found his path expanding beyond the classroom and into hands-on research focused on human performance and patient care.
Will a gas tax help lower prices at the pump?
May 14, 2026
WCPO recently reported on Kentucky and Indiana’s steps to combat surging gas prices, cutting and suspending state gas taxes, respectively. UC economist Michael Jones explained the impact on Cincinnati.
Is a colonoscopy painful?
May 13, 2026
The University of Cincinnati's Susan Kais, MD, assistant professor of clinical medicine in the Division of Gastroenterology and Hepatology in the College of Medicine and UC Health gastroenterologist, recently appeared on the ARC Cincinnati morning program on Local 12/WKRC-TV to answer common questions from viewers about colonoscopies and to dispel myths.