How to be a ‘certified crypto expert’: 11 hours and $229

Mar18,2024



To pass the Chartered Financial Analyst exam and put the letters “CFA” on your resume, a minimum of 900 hours of study is recommended. Between 300 and 400 hours of reading are recommended for the Certified Public Accountant exam, which is typically taken by prospective CPAs who have completed a bachelor's degree in the subject.
However, to become a “Certified Cryptocurrency Expert” or CCE, you only need $229 and time for 11 hours of online coursework. Blockchain Council, If that's too much of a time commitment, you can get a “Cryptocurrency and Blockchain Certificate” elsewhere by simply taking a four-hour course, passing a 20-question exam, and paying $795.
The lack of widely recognized professional accreditation in the cryptocurrency industry has left a void that various organizations are trying to fill, and BitcoinThis year, interest in records is increasing rapidly. Yet as with many crypto-related topics, there are questions about what exactly – if anything – is worth investing in.
According to Duke University finance professor Campbell Harvey, what is contributing to the proliferation of online crypto-certification programs is the fact that many universities lag behind when it comes to offering adequate courses in the subject.
“Many people have noticed this gap and are offering ‘certification,’” Harvey, who studies digital-asset markets, said in an email. “However, students need to be aware that some of these certificates are just money-grabbing gimmicks. buyer beware.”
Emails seeking comment to the Blockchain Council were not responded to, and repeated calls to the phone number on its website also elicited no response. ACAMS, which offers $795 cryptocurrency and blockchain certificates, did not respond to an email seeking comment.
In at least one case, a crypto-education program has been directly linked to an alleged scam. The U.S. Securities and Exchange Commission last month announced a settlement with Brian Sewell, the founder of an online trading course called American Bitcoin Academy, who the regulator said persuaded 15 students to invest in a fake hedge fund. Had committed a scam of more than 1 million dollars. , Sewell did not respond to requests seeking comment.
As the price of Bitcoin hit record highs this year, interest in crypto from retail and institutional investors surged — and with it, web searches for “crypto certification” increased, according to Google Trends.
When asked about the different certifications available, a representative from crypto association Coin Center responded that they were not familiar with any of them and that it “can tell you everything you need to know.”
Some major employers in the industry don't even pay much attention to certifications.
A spokesperson for Coinbase Global Inc., the largest U.S. crypto exchange, said, “We look for notable experience and accomplishments in the crypto space rather than certification.” “We also value crypto passion and curiosity and have developed internal education to further develop people.”
Still, some employers are finding value in certain certifications. More than 20 of Bitwise Asset Management's employees have taken the Digital Assets Council of Financial Professionals certification since 2021. “This is a great way to ensure they start off with a strong foundation of crypto knowledge,” said Matthew Hogan, chief investment officer at Bitwise. Said, which was one of the companies launching a new spot Bitcoin ETF.
Inquiries about the Digital Assets Council of Financial Professionals' certification courses have increased 30% since the beginning of the year, said Rick Edelman, founder of Edelman, which started the year as the first batch of ETFs investing directly in Bitcoin were approved in the US. Was given. Financial Engine.
“Now that these ETFs are here, and consumer demand for them is very high, we are seeing a significant increase in inquiries,” Edelman said.
Thousands of people have taken the course so far, Edelman said. He said the DACFP differentiates itself from other certification courses by not only talking about blockchain and crypto but also understanding the financial planning, taxation, and estate planning aspects of crypto.
The challenge for this new wave of consumers moving into crypto will be to separate the chaff from the wheat.



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