Crypto assets that lured investors of color with the promise of quick wealth are now in freefall, threatening to expand further. existing inequalities in financial markets.
In a June survey of more than 4,400 adults, about a quarter of Black and Hispanic respondents reported owning or holding cryptocurrencies, compared to just 17% of their white counterparts, according to one study. new report from the business intelligence firm Morning Consult. This implies that a greater proportion of investors of color were affected by the cryptocurrency rout, which has faded. 2 trillion dollars in market value since last fall.