Charlene Fadirepo, a former United States government regulator, who has now become a crypto adviser, has recently claimed that Bitcoin (BTC), the largest cryptocurrency by market capitalization, is absolutely a tool for social justice.
In a new interview with Yahoo Finance, Fadirepo, a former audit manager at the Federal Reserve Board of Governors, stated that the flagship crypto is “absolutely a tool for social justice,” especially for Black Americans. She also said Bitcoin is a means for individuals to build generational wealth.
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Charlene Fadirepo noted:
“If you think about Black Americans, we believe that Bitcoin allows [us] to build generational wealth. And not just Black Americans… Latino Americans, the LGBT communities, and Indigenous communities.
It allows communities to build wealth in communities that have been left out of the discriminatory banking system that we have today…
“The big picture is so bright for Bitcoin… If you look at Bitcoin on a 10-year basis, they’ve had annualized returns of 200% and if you look at Bitcoin in the past two years of this pandemic era, Bitcoin had returned of 400%.
Gold had a return of roughly 15% and the S&P delivered 42%. So those are amazing returns for any kind of asset class and incredible returns for Bitcoin…
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“You saw the FDIC and the Fed work together for inner-agency guidance and we expect to see more and more movement and more regulatory clarity…
And as we know when regulatory clarity is here, that builds trust, that builds security and that will encourage more people to invest and hopefully more institutions to invest.“
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