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Wealth Hole 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, particularly Bitcoin, may enable a change in that narrative via schooling and dollar-cost averaging.

Investing in bitcoin for African People has turn into a “what do I’ve to lose” state of affairs. There’s now tons of information 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 via Jim Crow segregation, redlining, mass incarceration, excessive unemployment and lack of economic literacy. Bitcoin will not be centralized by an entity, company, individual or nation, which means it’s not managed by a single authority or managed in a single place. This lack of centrality removes the basic flaw of bias. Bitcoin doesn’t care what you seem like, what tradition you come from, your gender or your spiritual background.

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