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24 Nov

‘Queen of Crypto’ Warns Recession Could Wipe Out Web3

Web3 Economic Gains

Web3 Economic Gains

Web3 Economic Gains Rising costs and a looming recession has many anxious—even those who have made significant strides within the crypto space over a previous couple of years. Although there are steps that could be taken to guard gains, one expert says you’ll need a plan to survive impending challenges.

Najah Roberts, the self -proclaimed “Queen of Crypto,” recently kicked off “The Second Annual Digital Financial Revolution Tour” (DFRT) in a news release. The primary stop was Saturday, May 28 at 4 pm PT at Leimert Park Plaza (4395 Leimert Blvd, Los Angeles, CA 90008). The event, whose speakers included actor Hill Harper (CBS’s The Good Doctor), spoke about bitcoin, financial freedom achieved with crypto and way more.

The tour will make stops in 41 US communities in an effort to coach attendees on the right way to buy, sell and use bitcoin to attain financial freedom. Attendees will receive the smallest denomination of bitcoin (Satoshis) to indicate participants in real-time what a bitcoin transaction looks like.

“The pandemic has accelerated the economic destruction of lots of our urban communities,” Roberts said in a news release. “I fear that we’re already in a recessionary cycle, and this combined with runaway inflation could wipe out generational wealth for on a regular basis African Americans. Our communities are facing an economic Armageddon.”

Cryptocurreny, a type of digital money has grow to be increasingly popular amongst Black consumers.

The Boston Globe theorizes it’s because cryptocurrencies removed the first involvement of massive financial institutions. When bitcoin was created in 2009, BIPOC dove in to explore their options without traditional systemic barriers in place.

A bit over a decade later, Black investors are using crypto greater than White people, per the National Opinion Research Center as reported by the Boston Globe.

Nearly 25% of Black Americans with a household income of $50,000 own cryptocurrency, according an Ariel Investments 2022 survey, in comparison with 15% of White Americans in an analogous tax bracket. Younger persons are much more lively, with 38% of Black people under 40 having purchased and currently own cryptocurrency, in comparison with jut 29% of White consumers under 40.

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