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MIT Study: Bitcoin Not Popular with Students

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A investigate by a Massachusetts Institute of Technology (MIT) has found that, discordant to renouned belief, bitcoin is not a remuneration of choice for students.

In 2014, dual MIT students, Jeremy Rubin and Dan Elitzer, raised $500,000 and started the MIT Bitcoin Project. For each undergraduate tyro that sealed adult to a plan they were provided with $100 value of bitcoin.

The idea of a plan was to settle an ‘ecosystem for digital currencies during MIT.’

When a plan started bitcoin was one of a many renouned topics, attracting a certain series of students to take part.

Throughout a project, over 3,100 students were partial of it. However, within a initial month, 40 percent of a students concerned had traded their bitcoins in for money. After dual years, that series had forsaken significantly with usually 14 percent of students still utilizing a digital banking to shop, trade, and send overseas.

Speaking to a Boston Globe, Christian Catalini, an MIT partner highbrow who oversaw a examination pronounced that a remaining students concerned were holding on to their bitcoins in the


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