The BBC has released a new six-minute 'Learn English' video focusing on cryptocurrencies.
He you can find the video on the BBC website on its Learning English page.
While the video is arguably too basic, it is interesting to see the BBC creating educational content about cryptocurrencies to help laymen learn more about the asset class, particularly considering the company's previous tendency to report only on cryptocurrencies when related to crime.
A large portion of the video focuses on the volatility associated with cryptocurrencies, an important aspect for beginners to understand.
This is particularly relevant after the scrutiny that popular cryptocurrency exchange BitMEX has recently faced for publishing an ad to commemorate Bitcoin's 10th anniversary.
The UK Advertising Standards Authority (ASA) complained to BitMEXsuggesting that the chart showing Bitcoin price history provided in the article dramatically exaggerated the potential returns when trading Bitcoin.
The BBC video is intended to be used as a tool for people to learn English rather than to fully educate people about cryptocurrencies.
The approach taken by the BBC has reduced technical details to a minimum, perhaps even going too far.
While it is promising to see a giant like the BBC promoting cryptocurrency education, its approach lacks many fundamental details that were outlined in the Bitcoin white paper.
Still, it appears the BBC is undergoing a change of tone when it comes to cryptocurrencies and blockchain.
Last month, the station also published a video discussing how block chain It will be important for the world economy.
In both cases, the BBC refers to the fact that Facebook entered the fight with its Libra project. This is perhaps indicative that, with the rise of general interest, the BBC also intends to rethink how it approaches the topic of cryptocurrencies.
Education is certainly the first step towards mass adoption, and recent efforts by the BBC show great interest in ensuring that the risks involved with cryptocurrencies are known. This is another critical step because many retail investors are still feeling the effects of last year's bear market.
It will be interesting to see how the BBC continues to portray cryptocurrencies and whether it will release more educational videos in the future.
Interested in reading more BBC and cryptocurrency-related stories? Find out more about the technology journalist Monty Munford loses ยฃ25,000 after storing your private keys in your Gmail account.
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