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Dr. Balram Rao, Officiating Director, Asia-Pacific Institute of Management (AIM).
Cryptocurrency has grown significantly over the past few years and the market size of cryptocurrency is further expected to reach more than $1080 million by 2026. This technology has climbed sharply and has been gathering attention ever since. As of 2021, 97% of the users in the tire world have expressed their faith and are confident about the digital asset. A few years ago, the business schools too showed disinterest in cryptocurrencies to incorporate them into their curriculum. They did not take it seriously and thought it was just a matter of time before this technology would disappear. But after all this skepticism cryptocurrencies are now becoming a part of business education.
There are over 4000 cryptocurrencies in the market and there has been more than a 90% increase in virtual money since 2013. The first 10 cryptocurrencies themselves make up 88% of the total cryptocurrency market value. The popularity of the virtual currency has grown so much that it has seen an increase in its exchange too. The crypto exchanges of fiat for cryptocurrency and crypto to crypto transactions exceeded 300 as of 2020 between buyers and sellers. The craze of cryptocurrency has gained the attention of the business schools and a rein demand among the students.
Curiosity among the Students
The students of the business schools have shown a huge amount of interest in future payments. With more than 900 new coins in the market every day. It wouldn’t be wrong to say that cryptocurrency has now gained a lot of attention. As of now even though there are hardly a few classes available for cryptocurrency there are a lot of students showing interest and trying to enroll in these classes. The amount of interest shown by students toward cryptocurrency creates the need for more classes.
Business students have already started to move their focus from traditional courses to new and upcoming courses in cryptocurrency. They are interested in how technology can help them and enhance the way the functioning of the financial market is done and that is a plus sign for the development of more classes in cryptocurrency.
View of Business Schools
There are more than 6000 business schools in the country and there has been a tremendous. Rise in student demand, the business schools don’t want to be dilatory any further they have decided to teach the subject. The business schools that had already decided to teach the subject earlier, even before the digital asset blew have been benefitting from it.
Being ahead of the crypto curve has benefited many just like it benefited the early investors of Bitcoin. Today the number of bitcoins in the market increases every 10 minutes. The main function that business school has been doing for ages is to help find graduates in their field of work. To enable this opportunity for them business school strives and ensure the students are taught the business courses well as these are the mediums through which it will be beneficial for them to find various opportunities after graduation.
Business schools have a strict determination to take the learning course seriously and engrave it in the students of business. As crypto currency’s value has increased to around 2 trillion now there sure are job opportunities in there. As cryptocurrency has achieved a huge attention business schools cannot ignore and neglect this course as it is something that will bring revenue and increase employment in the market.
The Business schools are not only trying to focus on the most extensively used crypto – Bitcoin but also on all the other aspects like the technology and the principles that come along with it. And since no cryptocurrency can go without a blockchain implementing its essence becomes very important. The decentralized system (blockchain system) uses no third-party systems while organizing the investments and payments in a very streamlined way. It changes all that we do in a centralized system and leads to more growth. This is just the beginning of the types of courses and subjects that the business schools are dealing with at the moment. There is much more research that will be exciting to learn on the subjects of cryptocurrency.
As students come with a lot of eagerness and are more informed about the subject, the business schools which offer specialized PGDM Programs are trying to figure out ways that students can think of it in a revolutionary way. The business schools have to observe and note how much good cryptocurrency can do and how the world of new technology can be life-changing.
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Views expressed above are the author’s own.
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