Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Do You Understand Bitcoin? Here's A Test To Find Out

Do You Understand Bitcoin? Here's A Test To Find Out

The Bitcoin Exam is 50 question test that challenge your understanding of Bitcoin to help you identify gaps in your knowledge of the leading cryptocurrency.

What exactly is the Bitcoin exam?

The Bitcoin Exam is a 50-question test designed to help anyone to test their understanding of Bitcoin.

As the price of bitcoin skyrocketed past $60,000 in 2021, interest from retail investors hit an all-time high. Individuals with little to no understanding of bitcoin jumped in after being swept up by the media hype, only to panic sell when the price then corrected by over 50%. Whilst families and retail investors stand to gain a lot from bitcoin in the long term, few understand it well enough to hold on through the volatility and come out the other side.

The creator Steffan Allen wrote:

“To help solve this problem, I have created The Bitcoin Exam so that these individuals can better identify gaps in their knowledge and truly understand the monetary revolution that is unfolding.”

The exam itself takes around 20 minutes on average to complete and consists of 50 multiple-choice questions. It begins with basic questions about the technology that underlies Bitcoin, before moving onto questions about its application, history, and monetary economics.

Passing the exam should not be considered a prerequisite for buying bitcoin. Allen hopes that the exam helps more people to “get off zero,” with a link at the end to wallets that participants can use to begin dollar-cost averaging and saving in bitcoin.

Bitcoin will inevitably become the global reserve asset. But, how do we expect this to occur if the vast majority of people still fail to understand it?

Improving financial literacy and educating the world on bitcoin will be key in continuing to drive global adoption and that is exactly what this exam intends to do.

Do Bitcoin critics even understand what they are talking about?
Has Senator Warren sat down and read the Bitcoin White Paper? Does Paul Krugman understand the beauty of Bitcoin’s difficulty adjustment? Does Peter Schiff understand the Lightning Network that allows billions of dollars in value to be transferred peer-to-peer, from effectively anywhere in the world?

My guess is that the majority of these people who have doubled down on their criticisms of bitcoin even in the face of its growing success have not taken the time to actually research and understand it. The exam can help to serve as a tool for determining the credibility of financial commentators and regulators who contribute towards the FUD that surrounds bitcoin. Their understanding should be tested before we let them continue spouting uneducated nonsense about bitcoin.

For this initiative to be successful, it must reach the masses. Having plebs on “Bitcoin Twitter” take the exam is great but for it to have any meaningful impact, it has to spread to workplaces, universities, and schools.

Take the test and find out your understanding level!

Source: Do You Understand Bitcoin? Here's A Test To Find Out – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
×