Wealth Gap Black America Bitcoin


Based on Forbes, the median wealth of Black and Latino families could hit zero by 2053. Historically, Black People lag behind on the wealth scale however the adoption of cryptocurrency, specifically Bitcoin, may permit a change in that narrative by means of schooling and dollar-cost averaging.

Investing in bitcoin for African People has develop into a “what do I’ve to lose” situation. There may be now tons of knowledge on the affect of wealth inequality and the way it impacts African People which is downright surprising to say the least. The Black and Brown group’s wealth hole has widened by means of Jim Crow segregation, redlining, mass incarceration, excessive unemployment and lack of economic literacy. Bitcoin will not be centralized by an entity, company, particular person or nation, which means it isn’t managed by a single authority or managed in a single place. This lack of centrality removes the elemental flaw of bias. Bitcoin doesn’t care what you seem like, what tradition you come from, your gender or your non secular background.

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