Knowledge gap indeed and this is where as an uneducated person would really be needing to do extra steps for you to at least to fill up that gap and would really be able to make yourself having those steps on which
you do know that it is something that could really benefit you out on longer runs. People would really be just that missing out on doing so just because neither they are lazy or they do find it to be impossible. For those people who do able to progress out their lives are the ones into those who had done their very best on working their way for that success.It would be a bumpy and never easy ride into your life which challenges or errors
is something that you would be mainly be able to face up.

You wont really be needing to raise or level up your living specially if you are just starting to make profits. Make it sure that you would really be making yourself that sustainable.
Do your very best on trying out to expand as much as possible, diversify as much as you could on which reaching out into a point that you wont really be having more
problems in speaking about financial condition.

Well, buddy cryptocurrency is another form of electronic/digital currency that can be considered more secure sometimes more efficient, easy to access but considering all these facts we cant say that it will increase the standard of living in any form. All it can do is to bring more decentralization, transparency and convenience that's it.

To increase the standard of living we need to consider technologies like metaverse, AI these can help in rasing the standard of living when they gets connected with the IOT and our daily gadets. Bitcoin is also a good evolution in the payment mode that's it to have the wider evolution we need to consider other technologies based on the blockchain like as I said metaverse and NFT's on some level these tokens can be user in the product authentication that it. (Hehe I don't support ordinals on the Bitcoin network)

Others have put it really well, saying that cryptos don't raise the standard of living on their own. If you make bad investment choices or lose access to your crypto holdings, you might actually get to a worse position than the one you initially had. If you make good choices that pay-off, maybe you'll get a boost, and in extremely fortunate cases you might actually become significantly wealthier. If you don't lose a lot of funds and don't gain a lot of profit, you'll just stay roughly where you were, I suppose. But perhaps learning about cryptos will help you gain some new knowledge that can in turn be useful to improve the quality of life by better understanding certain financial processes, which is also significant.

Let's say we ignore that bitcoin goes up in price and focus on other things. It increases your standard of living by being unconfiscatable. Nobody can take it from you unless you allow for it to happen, by giving up your private keys and wallet passwords. Nobody will know you own bitcoin unless you admit it or get clumsy and do KYC.

You can go wherever you like with your bitcoin. They won't take it from you at the airport or when you cross the border and you don't have to ask for permission to spend it.
Don't know about you but I call that a better safety and a better life

I would say cryptocurrencies can be an effective tool which allows you as a professional to have access to a wider jobs market which brings the whole world connected in a decentralized way. You can work from one corner of the world for an employer who is on the the another corner and still be paid in real time for your labor force without abusive fees and bureaucracy from regulators and governments who have influence over how centralized middlemen services such as Paypal work. Cryptocurrencies benefit both sides of a transaction (employer and employee) for a fair price.

Therefore, considering you have access to more jobs opportunities on the internet, while paying less taxes in the process of hiring or being hired, I consider crypto has potential to considerably raise someone's financial standards. However, cryptocurrencies solely are neutral tools, which don't have positive or negative impacts on your life automatically. It will always depend on how you are making use of them. You are the decisive factor for crypto to be a life changer, a life destroyer or no impact at all over your standard of living.

Hodling and trading can possibly create big changes in one’s life but this will not be possible without studying and learning the market first. However, even if you build your career in crypto, there is no guarantees that cryptocurrency will eventually change your life for the better. Some are just positive at first but eventually quit in the end since they can’t carry the pressure in the crypto market. But for those who were never shattered despite of the never ending losses and still  fix themselves, most likely they will be successful and increase their standard of living in the long run.

It's every individual who will her a standard of living not cryptocurrency and what crypto does is provide an opportunity to people while people's standard of living can change based on how utilize the opportunity presented by crypto.
A lot of people have joined the crypto space but ended up making losses and exiting the market due to their misunderstanding of the concept of crypto and lack of knowledge about how the market works.

It is difficult for cryptocurrency to raise the standard of living in areas without education or proper infrastructure for its use. I see this as very difficult, if not impossible.

Working in Bitcoin and cryptocurrencies requires knowledge and experience to deal with technology. This also requires the presence of an appropriate infrastructure such as electricity, the Internet, and communications necessary to deal with cryptocurrencies.

Many rural areas in many countries of the world do not have the Internet or communications, and some of them do not have electricity or computers, in addition to the low level of education, so I do not see how cryptocurrencies can work there.

It depends on how people interacts with crypto I mean their business, mindset, skills, strategy, profit and many other factors. Standard way of living is really hard to achieve if we put less efforts in everything we do in crypto.

Not necessarily, but maybe. Even a 1% chance to change your life for the better is already quite a lot.

Traditional financial instruments like securities, bonds and others also help improve living standards, isn't it?

Project potential is not the key factor. I think it all depends on chance and luck.

Projects that are proven and stand on their own feet, like ethereum (if we talk about altcoins), are more likely to have a positive impact on improving living standards.

But only on an individual basis. Cryptocurrency will not lift everyone out of poverty.

I would say that most cryptocurrency (shitcoins) will make the poor poorer.

Risk is always present to one degree or another. In the case of shitcoins, the risk is unreasonably high. Almost 100% (99,99%).