According to new data released before the upcoming general election, more than a third of young adults in the UK believe ‘crypto’ is an important electoral issue. Research commissioned by Zumo, the B2B digital assets infrastructure, and conducted by Focaldata reveals that 34% of both 18 – 24 and 25 – 34-year-olds think the crypto industry’s growth should be front of mind for the country’s politicians.
A quarter of all adults (and 44% in London, a prominent fintech hub) think it’s now important for economic growth that the UK strengthens its position as a digital assets hub, with the figure rising to four in ten 18 – 24 year-olds (42%) and 25 – 34 year-olds (41%).
This sentiment follows the recent consultation by the Bank of England and the Financial Conduct Authority (FCA) on a Digital Securities Sandbox, which aims to facilitate the use of digital assets in financial markets. In May 2024, the first UK ‘crypto’ exchange-traded products (ETPs) were listed on the London Stock Exchange (LSE).
Zumo and public opinion research company Focaldata’s poll of more than 3,000 UK adults also showed 38% of 18 – 24 year-olds have invested in crypto assets themselves, whilst 40% (and 37% of 25 – 34 year-olds) know friends and family who hold ‘crypto’. A similar proportion (39%) of 18 – 24-year-olds (and 37% of 25 – 34-year-olds) see the nascent sector as a pathway to higher long-term returns on their investments. However, a third (32%) of 18 – 24 and 25 – 34-year-olds say they are now concerned about the sector’s prospects, given that several ‘crypto-friendly’ MPs have confirmed they are standing down at the election.
The importance of education
This survey data suggests that there is still a gap around emerging technologies, particularly blockchain technology, likely due to misinformation or a lack of knowledge. This presents an excellent opportunity to highlight the educational initiatives undertaken by BSV Blockchain.
One notable initiative addressing the knowledge gap is the BSV Academy. This platform is dedicated to providing comprehensive blockchain education, aiming to equip individuals with the skills needed to navigate the rapidly evolving technological landscape. By offering courses tailored to various skill levels and interests, the Academy empowers learners to understand both the theoretical aspects and practical applications of blockchain technology.
The main goals of the BSV Academy are to expand knowledge resources, grow the community of skilled individuals who understand the BSV blockchain and offer inclusive training. Although primarily accessible online with a total of 18 courses across four different streams, Academy representatives also advocate for the BSV Blockchain at various events and contribute to local training programs.
