The Two Things Crypto Needs Now

Amanda Heckman|May 1, 2021

You may have noticed that we talk a lot about crypto around these parts.

That’s not by accident. It’s THE hottest asset class out there right now.

We’d be crazy to ignore its potential. It’s making folks wealthier… and despite some common myths, it’s already transforming countless industries.

And we’ve got more proof of just how different things are today compared with 2017.

For that, we turn to the financial world.

Financial technology (fintech) has already been a disruptive force on the industry. Mobile banking, touchless payments and investing apps are already making waves.

(If you’re a Manward Letter reader, you’re enjoying double-digits gains on a hot fintech leader.)

But now that most big banks have jumped headfirst into crypto… fintech has moved into warp speed.

It needs blockchain technology… and lots of it.

And it needs people… highly skilled people.

Simply put, blockchain is the critical piece that makes all kinds of digital transactions possible… not to mention safe, secure and anonymous.

As banks expand further into the crypto space, more fintech and blockchain experts will be needed.

And proving that crypto is already far more ingrained than you may realize… the industry won’t have trouble finding the right folks for those jobs.

Getting Schooled on Crypto

A growing number of schools have recognized that blockchain is driving advances across the financial sector. They now offer blockchain courses, programs and “bootcamps” to capitalize on the huge potential of the industry.

Folks can now specialize in fintech as part of the MBA programs at Wharton, Cornell and NYU (to name a few).

Even the New Jersey Institute of Technology introduced a fintech major last year. It offers a blend of classic financial courses and classes on machine learning and blockchain.

While the users of blockchain technology – like bankers, financial advisors and analysts – need to be versed in this digital marvel to keep up with demand…

We’re also seeing growth in the number of programs for fintech engineering – the creators who make the blockchain possible.

Rutgers University now offers a FinTech Bootcamp that teaches a host of popular tools and methods, such as Python programming, machine learning algorithms and blockchain.

And a quick scan of the free online class platform Coursera shows nearly 150 courses dedicated to fintech. (Why pony up thousands of dollars when you don’t have to?)

These opportunities were rare back in 2017.

The financial industry won’t have a hard time finding the right people to build out its crypto offerings. And that means a faster path to crypto adoption across the industry… and great news for crypto investors ahead of the trend.

The fact that schools are right in the middle of this trend is more proof of crypto’s staying power.