"It’s a veritable iron law of investing: When an asset bubble collapses, the ensuing fallout shows that #FinancialMarkets are anything but race neutral. As bubbles seek to absorb the last tributaries of liquid cash, #BlackAmericans become, in vastly disproportionate numbers, the last buyers-in—and the last holders of worthless paper after the market insiders bail out."

How #Crypto Leaves #BlackInvestors in the Red

#FTX #CryptoKrach #KrachFinancier #RacialCapitalism

https://www.thenation.com/article/economy/how-crypto-leaves-black-investors-in-the-red/