If you were to tell people in 2015 that bitcoin would be where it is today they would probably laugh you out of the room. Now those same people are shaking their pockets for loss change in the wake of COVID-19. It seems as if everybody and their mother bought into the bitcoin hysteria of 2020 surcharging its value.
Digital currency is official the commodity of the future. Now in October of 2021. The Bitcoin Exchange, Kraken has pledged $150,000 or for those familiar with Bitcoin, 4.5 BTC. This comes in the form of a grant to the Black Bitcoin Billionaire, an organization centered on diversification and un-wavering inclusivity in the Bitcoin space.
“In 2020, approximately 13% of black households in the U.S. were unbanked. This is a massive failing of our legacy financial system, for which there is no public alternative of last resort,” Jesse Powell, CEO of Kraken said. Following up on that Powell is also quoted as saying, Being unbanked is costly and it disproportionately affects our poor and minority communities. Bitcoin offers a reprieve to the estimated 1.7 billion unbanked adults in the world – a new financial system by the people, for the people. The only barrier now is education”.
The Black Bitcoin Billionaire will be able to use the gift however they see fit. One of the things that the money will be used for is to start a succession of Tech Demo Days. These Demo Days would be aimed to provide pitch experience to Black startup companies in the country. The first of these demo days will take place on October 20, 2021.
This is a great opportunity for exposure and awareness in a field that is predominantly owned by white males. In a report done by Cheddar.com, 74% of Bitcoin owners are male and 71% of them are White males. Having the ability to change the narrative and diversifying those numbers is no easy task, but we certainly are moving in the right direction.