Closing The Wealth Gap: Black America And Bitcoin Adoption
Bitcoin represents an opportunity for financial freedom, education and inclusion for African Americans.According to Forbes, the median wealth of Black and Latino families could hit zero by 2053. Traditionally, Black Americans lag behind on the wealth scale but the adoption of cryptocurrency, in particular Bitcoin, could allow a change in that narrative through education and dollar-cost averaging.Investing in bitcoin for African Americans has become a “what do I have to lose” scenario. There is now tons of data on the impact of wealth inequality and how it affects African Americans which is....
Related News
Bitcoin represents monetary freedom and thus a new and viable solution to closing the wealth gap.
Simon Chamarro discusses how his platform, Valiu, helps Venezuelans protect their wealth from inflation. The post Video: Valiu And Protecting Wealth In South America appeared first on Bitcoin Magazine.
Isaiah Jackson joined the "Bitcoin Magazine Podcast" to discuss "Bitcoin And Black America Volume 2" and his other outreach efforts. The post Interview: Bitcoin And Black America With Isaiah Jackson appeared first on Bitcoin Magazine.
For decades, the financial system has been rigged against Blacks. Today, there is an alternative that removes barriers to wealth creation.
Another bitcoin exchange is closing down in North America. Texas-based Harborly said in a 14th August blog post that it was shutting its doors as a result of work on a separate project that co-founder and CEO Connor Black described as "a growth hacking tool and service" currently in private beta. The past year has seen a number of exchanges call it quits in North America, including Vault of Satoshi, Cavirtex and Buttercoin. According to the post, the closure is not related to security or fraud issues, and the exchange is up for sale. Black told CoinDesk that the team - which will migrate....