Finance is global. International trade has led to greater stability and supplies to meet demand.

There’s no greater example of globalized finance than cryptocurrency. Digital money doesn’t rely on currency exchanges for trades. Cryptocurrencies make it easier to reach international markets and give you greater control over your finances. It’s been growing rapidly since its development and shows no signs of slowing down.

Are you ready for the next generation of finance?

Cryptocurrency 101

Say goodbye to loose change.

Cryptocurrencies are digital coins. They can be exchanged for everyday transactions and more complex financial trades. Unlike physical money, they don’t rely on financial institutions for transactions. They’re created, stored, and used online.

This doesn’t mean that crypto coins are infinite. Many cryptocurrencies have a cap on the amount that can be produced to avoid inflation. The methods used to create coins have high costs of energy and time. The most common method to create crypto coins is mining. Mining solves complex math problems. Once the problem is solved, a new block of crypto coins is created.

Cryptocurrency has no intrinsic value and isn’t tied to a government.

How Does the Cryptocurrency Market Operate?

Think the cryptocurrency market is confusing?

People familiar with the stock market will be shocked at how similar the crypto market is to the one they’re already invested in. Like the physical market, digital economics relies on wider markets and individual transactions.

Users can buy and sell coins on cryptocurrency exchange websites. Investors also use these websites to convert their currency to other cryptocurrencies or physical currencies. Investors access their finances through cryptocurrency wallets. These wallets are the hardware that the investor signs onto using a private key.

Investors are drawn to the crypto market due to the growing value of cryptocurrencies. The market is primarily occupied by early adopters who want to invest before the cost of bitcoin gets too high.

Like stock, outside factors affect the value of cryptocurrencies. Since there is limited bitcoin circulation, the cost of coins will increase as more users invest. The technological improvements in cryptocurrencies will increase their value. Increasing government regulation of cryptocurrencies will change their value in the future.

Is Cryptocurrency Secure?

Worried about your investments being placed in the hands of hackers?

It’s nerve-wracking to invest online. But just because you can’t see security measures doesn’t mean that they’re not there. Cryptocurrencies rely on a technology known as the blockchain to ensure secure transactions. Blockchains are groups of information stored in groups known as blocks. The information stored in blockchains is turned into a scramble of numbers and letters that are difficult for hackers to decipher.

The best way to ensure safe transactions is to have financial knowledge. Even blockchain technology can’t protect you from financial vultures eager to take advantage of your lack of information. Studying finance gives you the skills to conduct safe financial transactions.

How finance college courses can jumpstart your cryptocurrency career

Crypto might be accessible to all, but that doesn’t mean that you should jump into it with no experience. A finance program gives insight into:

• Risk and reward evaluation: Investors consider the amount they should risk to gain financial rewards. The ideal ratio is anything greater than three dollars earned for every dollar invested. You’ll discover how to calculate risk/reward in investment classes.
• Networking opportunities: Want advice on how to get started in crypto investing? Business schools provide networking opportunities for you to meet investors with experience. Internships, business organizations, and classes are all perfect places to meet knowledgeable business professionals.

• Business ethics: If you want to have positive business relationships, you’ll need to conduct business ethically. Having integrity results in trust from stakeholders and personal pride in your investments. Your business professors will instill the values that matter to them and their companies.
• Long-term financial planning: It’s easy to get swept up in the excitement of crypto investing. But you don’t want the rush of returns to make you invest too much. Finance classes will transform you into a long-term investor who chases steady growth rather than one who fizzles out after a big boom.
• International business: Crypto introduces you to business partners from around the world. Investors living in countries with unstable economies appreciate the security of crypto coins.

Growing Jobs in Cryptocurrency

• Blockchain product manager: The complexity of blockchains means that they require a sturdy hand to guide them. Companies entering crypto hire blockchain product managers to develop blockchains. These positions rely on market research and innovation to ensure that the product meets client needs.
• Financial analyst: Keep a vigilant eye on the stock market? Transfer your gaze over to the crypto market. Businesses entering the market are on the lookout for cryptocurrency analysts to guide them through the market. Financial analysts need to keep up to date with financial trends and be thoughtful when considering which actions to take.

• Crypto CPA: Crypto might not be a national currency, but that doesn’t mean that it doesn’t have taxes. The United States treats crypto as property, tax included. A Crypto CPA is an adaptable accountant who changes their practices as the technology continues to evolve. They keep records of and protect their clients’ crypto assets.
• Business director: Large crypto companies have a seemingly infinite number of transactions and agreements. Managing this chaos is the business director. They analyze reports from different departments, develop relationships with clients, and strategize.
• Marketing manager: Who said that finance and creativity can’t mix? Marketing managers use their business savvy to make cryptocurrency transactions more appealing to investors.
• Business development manager: There are a lot of people to meet in the world of cryptocurrency. As a business development manager, you’ll find and develop relationships with potential investors. These professionals must have strong business ethics and the drive to pursue potential investors.
• Cryptocurrency trader: This is for the risk-takers who are willing to invest big to earn even bigger returns. Cryptocurrency traders strategically buy cryptocurrencies based on their market predictions. This is a fast-paced career that requires constant learning, from discovering the crypto market to keeping track of trends.

Invest in Your Future with a Bachelor’s Degree in Finance

Before you invest in cryptocurrency, you need to have sturdy background knowledge in finance.

That’s exactly what you’ll get at Drury University’s finance program. Our college of business takes the same liberal arts approach as the rest of the university. That means you’ll graduate with a strong business ethic and the flexibility to adapt to constantly changing markets.

Visit our website for more information on our bachelor’s degree in finance.