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Wednesday, May 14, 2025

Young Black Americans dominate the cryptocurrency market | New Orleans' Multicultural News Source - Louisiana Weekly

Contributing Writer
(NNPA Newswire) – When considering the current state of the cryptocurrency market, Dr. Tonya Evans couldn’t help but recall the reception banks gave the then-fledgling assets in 2014.
“When I think back to 2013 or 2014, the second kind of big crypto was coming on the scene, and banks were really pushing back at the time on discussions surrounding regulating cryptocurrency,” said Evans, a law professor and founder and CEO of Advantage Evans.
“Big banks feared [cryptocurrency] would become more legitimate. Back then, banks didn’t have a customer service problem, but now they do, and they realized that they were going to start losing customers if they didn’t shift,” Evans insisted.
She noted that banks, especially Deutsche Bank and Bank of America, have begun to give added attention to the cryptocurrency market.
“With Bitcoin and Ethereum leading the way, the cryptocurrency market is booming and growing,” Evans stated.
She called cryptocurrency a “fast-paced,...



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