Jay-Z and Jack Dorsey bring crypto to Brooklyn's Marcy Houses, to middling effect
Tenants at the Brooklyn public housing complex reportedly had mixed feelings about the rapper's joint endeavor with the Twitter CEO
Regardless of how meme-able the “crypto bro” has become, the archetype keeps finding its way into the hearts of new, impressionable billionaires—and now, two of them are hoping cryptocurrency will resonate with Brooklyn public housing tenants.
Per The Daily Beast, rapper Jay-Z and Twitter CEO Jack Dorsey recently united to fund a 12-week “Bitcoin Academy” at the Marcy Houses, a public housing project in Brooklyn. The course was designed to instruct the ins and outs of cryptocurrency. However, with Bitcoin down nearly 10% in just the past few days, not every student is ready to rely on the currency’s volatility, especially those with lower incomes.
“How are you helping us if you’re asking us to put in five dollars, 10 dollars, and we’re all on fixed income?” inquires Lydia Bryant, 57, who says after the course she still felt like her money would be safer in “real stock.”
“For you to take your money that you worked for, or your government-assisted funds, and invest it in something like Bitcoin that’s really risky, that’s a no-win,” another source, who requested their name be omitted, also tells The Daily Beast. “I can’t be gambling with money that I get for my retirement.”