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The promise and peril of crypto for Black investors

todayJune 29, 2022 18

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    The promise and peril of crypto for Black investors NPR

Cryptocurrencies have plunged about 56% in value in the past three months. And while many people have lost money, various surveys (here, here, and here) suggest that Black investors in particular may be feeling the fall. So what’s drawn Black investors to crypto, and what does the current crypto crash mean for the idea some crypto-bulls have promoted—that these risky digital assets can be a driver for racial equity and Black wealth?

Today on the show: We hear from entrepreneur Samson Williams, law professor Tonya Evans, and Terri Bradford, who researched Black crypto ownership for the Federal Reserve Bank of Kansas City.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Written by: NPR

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