The depreciation-adjusted average wealth of Blacks in the U.S. is around $9000, while the average wealth of Whites is $150,000. Cryptocurrency has been touted by some as the “savior for the Black economy”, but in his latest article, “Crypto Is a Risky Bet for Black Americans“, Chief of Race, Wealth and Community for the National Community Reinvestment Coalition, Dedrick Asante-Muhammad warns against going “all in” in crypto investment.
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