OPINION:
Crypto-skeptics are taking a victory lap as digital asset prices unwind and layoffs sweep across the sector.
For minority communities across the country, the downturn in the digital currency market is a missed opportunity for financial self-sufficiency. Bitcoin and decentralized finance offer people that have long been denied equal access within the traditional banking system an opportunity to build investment portfolios, carve out a stake for their families in the financialized economy of the 21st century and begin to build intergenerational wealth.
As inflation reaches 9%, gas prices skyrocket, and a recession looms, many African Americans have lost economic ground. This dire economic situation was exacerbated by the pandemic and finds the community looking for financial options. For many, Crypto filled the void.
Many in the Black community understood the significance of this new technology. A recent industry survey shows one-quarter of Black investors own cryptocurrency,...
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https://www.washingtontimes.com/news/2022/jul/26/cryptocurrency-can-give-back...
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