How do you define Financial Literacy? Well, "It's the ability to know how to earn, budget, spend, save, and invest money properly" And how do you see Bitcoin? It's definitely a form of money, albeit a new and different kind.
With these simple definitions, it's clearly evident that Bitcoin, as money, easily forms a base to provide financial literacy.
It's noteworthy that before the inception of Bitcoin, financial literacy hadn't been much popular for table talks. But now the times have changed and with Bitcoin rising in popularity, the talk about financial literacy has also grown.
The chart above shows that people are more Financially literate where Bitcoin is more popular.
I believe and I am quite sure that you would also agree with me that as soon as someone enters into Bitcoin, he becomes financially literate. But how does Bitcoin foster Financial literacy?
First of all Bitcoin puts 'the control of finances in your hands'. This is just like owning a car and driving by yourself. We can be in control of our money 24x7.
Secondly, Bitcoin forms a learning habit. Isn't it correct that almost all of us have learnt so many things related to finance after we came in contact with Bitcoin?
Last but not the least, Bitcoin has ignited once lacking entertainment in the topic of financial literacy. Yes, talking about financial literacy used to be boring once. But now, it seems that almost everyone knows 'how to manage one's money in a proper way'. Bitcoin has successfully bridged this gap of being financially literate or financially illiterate.
What do you say?*