Wealth Gap Black America Bitcoin

According to Forbes, The Wealth between the Black and Latino families could reach zero by 2053. Ditionally, black Americans lag behind on the wealth scale but adoption of cryptocurrencies, especially bitcoin, education, and dollar-spending averages could allow that narrative to change.

For African Americans, investing in Bitcoin has become a “what I have to lose” scenario. There is now a lot of information about the impact of wealth inequality and how it affects African Americans which is shocking to say the least. The wealth gap in the Black & Brown community has widened through Jim Crow’s segregation, redistribution, mass captivity, high unemployment and lack of financial literacy. Bitcoin is not centralized by any entity, corporation, individual or country, meaning it is not controlled by any single authority or operated in one place. This lack of centrality eliminates the fundamental flaw of bias. It doesn’t matter how Bitcoin looks to you, what culture you come from, your gender or your religious background.

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