If you inquire about Bitcoin’s original purpose from a group of 10 individuals, one person is likely to mention its goal of eliminating intermediaries, reducing transaction costs, and empowering those excluded from modern financial systems.
While Bitcoin may fulfill these objectives, the reality is that not everyone benefits equally from technological advancements. This disparity raises a crucial question about how to ensure that everyone can benefit from financial technology.
Empowering Black Americans Through Bitcoin
In the latest episode of The Agenda, a Cointelegraph podcast focusing on crypto, blockchain, and Web3, hosts Ray Salmond and Jonathan DeYoung discuss this topic with Najah Roberts. Roberts, an activist and educator, believes that Bitcoin (BTC) represents a significant opportunity for empowering Black Americans. Over the past five years, she has been promoting financial literacy and the empowerment potential of Bitcoin within the community.
Bitcoin: A Path to Financial Independence
Roberts emphasizes the importance of financial self-sovereignty, especially in a system like that of the United States, where certain groups have historically been deprived of the tools needed for wealth creation. By having control over their money, Roberts believes that individuals can shape their own destinies and have a positive impact on their families and communities.
The Importance of Financial Literacy
Roberts stresses the need for financial literacy, highlighting concepts such as compound interest and dollar-cost averaging. She advises individuals to focus on consistent saving rather than attempting to time the market, as staying invested over time tends to be more effective. Roberts encourages individuals to incorporate small investments in Bitcoin into their daily routines to gradually build their portfolios.
To hear more insights from Roberts, listen to the complete episode of The Agenda on platforms like Spotify, Apple Podcasts, Google Podcasts, or TuneIn. Also, explore Cointelegraph’s other new podcast offerings.
The views and opinions expressed in this podcast belong solely to the participants and may not necessarily align with those of Cointelegraph.
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