Bitcoin Brings Financial Literacy – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


Bitcoin will bring about an explosion of financial literacy in the same way that the printing press brought about an explosion of reading literacy in the 1400’s. While it’s impossible to calculate the literacy rate before the invention of the movable type printing press, we know today’s literacy rates are over 95% in many countries.

I’m confident that the same thing can happen with financial literacy because of bitcoin. Best-selling author and educator Robert Kiyosaki is the first person I know who explained that most of us are “financially illiterate” and he has been advocating financial literacy since he published his best-seller Rich Dad Poor Dad in 1997. One of my favorite quotes about money and our banking system is by Henry Ford who said, “It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.”

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