Is Crypto Currency Impacting Black Americans?

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crypto has just been one of many markets that have tanked this year. To black investors lost a lot of money when the housing market crash, and of course, when the stock market crashes as well. So what does this mean for the future of a crypto investing for black americans? Well, people are still really gungho about it, really. Ye absolutely. Which i found really surprising. People are really, really desperate for a way to build wealth. And in the absence of any other solutions, i think people are really going to hold on to this idea. And i hope they're right.

Twitter is mounting legal action against Elon Musk as he tries to terminate the deal to buy the social media company, black Americans’ higher exposure to cryptocurrencies has left them more vulnerable to the financial downturn, Cairo’s storied houseboats have been removed as part of bigger changes that many fear will destroy heritage and green space in the Egyptian capital.

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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