Rahwa Berhe, 30, who considers herself a crypto patron rather than an investor, speaks during an interview, Friday Jan. 27, 2023, in New York. Rahwa Berhe, 30, who considers herself a crypto patron rather than an investor, speaks during an interview, Friday Jan. 27, 2023, in New York.
NEW YORK — A software developer twice invested his savings in cryptocurrencies, only to lose it all. But he still promotes it to the Black community and would like to get back in himself. A recent college graduate and a single mom are dabbling hopefully in bitcoin after attending a crypto workshop sponsored by rapper Jay-Z at the public housing complex where the hip-hop star grew up.
But a former executive at a cryptocurrency exchange feels disillusioned by the false promise of crypto helping her family in Ethiopia’s war-torn Tigray region. All were drawn by the idea of crypto as a pathway to wealth-building outside of traditional financial systems with a long history of racial discrimination and indifference to the needs of low-income communities. But
When the zeal for emancipation goes a bit too far.
Unreal
So, people who traditionally get the short end of the stick from legitimate institutions become willing victims of slick bullshitters pitching their scam is open and accountable (in ways that no one actually understands b/c the pitch is pure bs)? Nice
If they had decent credit scores it would be less of an issue...blacks have by far the lowest...I know, that's racist too. Not paying your debt back or bills on time is racist
Omg, now crypto is racist... seriously never ends
if you had a shred of journalistic integrity you would delete this garbage. the entirety of crypto is a scam.
Live footage of the AP trying to relate to black and Hispanic people. Fire whatever crypto grifter wrote this, it’s gross.
It’s a scam!
This American/Mexican prefers mutual funds.
Literally what does this have to do with race at all?
Stories like this are why no one takes the media seriously.
Yes, ponzi schemes have always been very inclusive; it's built into the business model.
O yea,,,, Invest in other fake money besides the American dollar! Just keep what little change you have! You will need it to bail out bankers and support Ukraine war refugees! & the bank still took my Mom's home after she bailed them out in 2008! They'll do it again too!
Are they tired of bail outs and money printing killing their purchasing power?
Green is the color
Bullshit.
This is journalistic malpractice
Why did you think that certain crypto billionaires hanging out with rappers 🤔 It was to sell their bullshit tokens ,whales got rich and the average person is the bag holder
You have to wait , invest smart and wait . I invested $3k and right now I’m sitting on a little over $13k after I made my moves from last bull market . It fluctuates right now but waiting for round 2 so I can improve my standing .
Anyone who ever took an economics class knew what crypto and NFTs were. Speculation. Bigger fool than me.
Ponzi scheme
Why single out by race all investors saw it as the market version of scratch offs...get rich quick schemes will always be a draw.
This article is why Dems will lose the next election. We need Trump
Modern ponzi...
Breaking news that 'get rich quick scheme' didn't make people rich
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Business There are no racial barriers to online investing. Everyone has access to no-load mutual funds. The only barrier is ignorance.
Everyone got scammed not just minorities.
Womp womp. What a dumb idea.
Wealth building 101 Exercise due dilligence. Class dismissed.
🤦🏻♀️ we need a mandatory financial literacy class in this country.
Good Lord, Crypto is Racist 🤦♂️ This never ends!
SO BLACK & HISPANIC CELEBRITY PROMOTERS MADE $$ BOOSTING THIS AS A GET-RICH-QUICK SCHEME TO VULNERABLE & TRUSTING BLACK & HISPANIC PEOPLE... AND WE ARE SURPRISED THESE GREEDY CELEBS HURT THEM WITH THIS SCHEME?
Without racism, the AP wouldn't have anything to write about 💯🙏
Invest in a scam bruhs!!!
Ah yes blame us poor stupid minorities who don't know that every dollar invested can go to zero. This always happens the banks fail and the media blames poor, minorities, and immigrants. We are on to your grift this time.
Hahaha 🤡😂
But Whitey is just Hunky Dory?
They saw it as a get-rich quick gamble like everyone else, like Vegas, except they had more to lose.
lol at the people who thought that imaginary money was a good idea. 🤣🤣
People making silly investments in fun money that’s not back by anything with no real use cases lost money? What’s next, ice is cold?
standing by for the 'crypto volatility disproportionately affects people of color' message.
It feels like everyone got duped on crypto. It’s the one thing unifying the human race.
PT Barnum didn't lie
Lol - this constant race division by you “progressives” is so awful.
People saw it as a lotto ticket. And just like with the lotto, they got burned. Don’t make this a race thing.
You need to do your homework
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