A Word: Black Crypto Boom

Slate Technology

Slate

Society & Culture, Technology, History

4.6 • 636 Ratings

🗓️ 10 June 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The market for cryptocurrency crashed in May, losing billions of investor dollars. That’s a special concern for African Americans, who are twice as likely as white people to invest in crypto. On today’s episode of A Word, Jason Johnson is joined by economist Darrick Hamilton to discuss the unique appeal of cryptocurrency among Black Americans, and whether the potential rewards outweigh the risks. Guest: Darrick Hamilton, the founding director of the Institute for the Study of Race, Power and Political Economy at The New School. Podcast production by Jasmine Ellis and Eric Aaron You can skip all the ads in A Word by joining Slate Plus. Sign up now at slate.com/awordplus for just $1 for your first month. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a word, a podcast from Slate.
0:03.4	I'm your host, Jason Johnson.
0:06.7	Given the racial wealth gap and barriers in traditional financial systems, it's not surprising
0:12.1	that interest in cryptocurrency has surged amongst African Americans.
0:16.3	But after a multibillion dollar crash in its value, many are wondering if cryptocurrency is the path
0:21.9	to riches or ruin in the black community.
0:25.3	The rise and risks of cryptocurrency coming up on a word with me, Jason Johnson.
0:30.8	Stay with us.
0:36.1	My name is Caden Sinclair.
0:40.7	Some people call us American royalty.
0:43.1	We were liars.
0:44.0	A new series on Prime Video.
0:46.1	We were happy.
0:47.1	We wanted for nothing.
0:49.0	Based on the best-selling novel.
0:51.8	Something terrible happened last summer, and I have no memory of what or who hurt me.
0:56.8	No one in my family will tell me.
0:59.1	When you're left for dead, you want answers.
1:01.7	We Will Liars.
1:02.7	New series, watch now, only on Prime Video.
1:07.9	Welcome to a word, a podcast about race and politics and everything else. I'm your host, Jason Johnson.
1:13.4	The American Dream seems increasingly out of reach for many people in the nation, and it has always been a tough
	...

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