If you ask 10 people what BTC’s original purpose is, at least one individual will say it’s meant to cut out the middleman, reduce the expense of transacting and empower those who can potentially not have access to modern financial infrastructure.
Although while all of those boxes can potentially be ticked, another phenomenon of financial technology, and technology more generally, is the fact that not everyone advantages equally from the revolutionary change it brings. Of course, this happens for a variety of unique reasons, some intentional and others unintentional, but the phenomenon of technological change leaving some people behind presents a rather unique question.
How can Bitcoin (BTC) empower Black Americans?
In this week’s episode of — a Cointelegraph podcast that explores the promises of cryptocurrency, blockchain tech and Web 3.0, and how regular people level up and make better their lives with technology — hosts Ray Salmond and Jonathan DeYoung dig deep into the topic with Najah Roberts, an activist, educator and founder of plenty of crypto-related organizations, including Black Bitcoin (BTC) Billionaire, a brick-and-mortar Bitcoin (BTC) exchange and a tech-focused children’s camp.
Reports by Roberts, Bitcoin (BTC) (BTC) itself is the last great hope and opportunity for Black American empowerment; and for this reason, she has dedicated the last 5 years to spreading the good word of Satoshi Nakamoto and the basic tenets of financial literacy.
Bitcoin (BTC) may be the road to freedom
As a base case for her , Roberts stated that:
“The Emancipation Proclamation was signed over 150-something years ago. And back then in this country, Black people in America held less than 1 percent of the wealth. And here we sit, in 2022, and factually, Black folks in America own less than 1 percent of the wealth. […] Bitcoin (BTC) affords us the chance to have some self-sovereignty and to be able, for the 1st time in history, to have control of our money — because he who holds the money regulations everything. And so if we are holders of our money, we’ll be able to rule our own lives. And I’m excited about that for our community.”
Roberts stated that financial self-sovereignty is paramount, especially in systems like in the United States where the tools and resources that lead to generational wealth creation have historically been rejected to certain groups.
“We’ve got to get self-sovereign because nobody’s looking out for us except for us, and we got to get that in our head. And that’s what we’ve been teaching the community. And, Bitcoin (BTC) is just the 1st stepping stone. Once more, he who holds the money holds the power. And so we want to hold our own money so we have power to do the things that we need do, not only in our families but in our communities. Because when it boils down, everything revolves around the economics.”
“I am not teaching our community to time the market because time in the market is better than timing the market. And, I’m teaching our community to dollar-cost average. […] Whatever it is the fact that you are doing on a regular basis, continue to do that, but just add some satoshis to your portfolio. And, if you’re going to Starbucks 7 times a week, I’m not telling you do not go to Starbucks — I’m saying go 6 instead of seven, or 5 instead of seven, and take that $6 from that coffee and buy yourself some satoshis.”
To hear more from Roberts, tune in to the full episode of on Cointelegraph’s new podcasts page, Spotify, Apple Podcasts, Google Podcasts or TuneIn — and be sure to check out Cointelegraph’s other new shows as well.
The views, thoughts and opinions expressed in this podcast are the participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.