Search

CBx Daily

CBx Vibe:Fair Trade” Drake & Travis Scott

By CultureBanx Team

  • Early Black crypto advocates want to maintain a seat at the table as more financial institutions enter the sector
  • More than 3 in 10 Black adults are likely to invest in cryptocurrencies

Early Black crypto advocates want to maintain a seat at the table they helped to set, as Wall Street eyes big opportunities in the digital currency sector. People who did some of the earliest work spreading cryptocurrency’s message to the Black community are being increasingly pushed out of the space. With Just under one in four, about 23%, of Black people owning this caché currency, compared to 11% of White Americans, and 17% of Hispanics, how important is it for the Black community to be included as more legacy financial institutions increasingly enter the arena?

Why This Matters: About 2 in 5 Black adults are likely to purchase or invest in Bitcoin, compared to roughly 3 in 10 adults overall, according to Morning Consult data. Many people question whether or not cryptocurrency is helping to democratize finance and the economy, or is it a volatile asset that puts Black communities at particularly high risk? Especially now that Large financial institutions that once looked down upon digital currencies, are now investing huge amounts of money to meet the demand for customers.

CBx Daily

CBx Vibe:Investing” Teejay

CBx Daily

CBx Vibe:Trickle Down Economics” Thurz & K.A.A.N.

CBx Daily

CBx Vibe:Sue Me” Wale Feat. Kelly Price

CBx Daily

CBx Vibe:Bitcoin” Soulja Boy

As seen in

Latest Posts

Video Posts

Trusted by our readers

Follow Us