Jack Dorsey and Jay-Z Launch Free Bitcoin Academy to Lift NYC Public Housing Residents
The men are funding a Bitcoin-focused education program for residents at the rapper’s childhood home.
Jay-Z and Jack Dorsey
Photographers: John Phillips/Getty Images; Andrew Harrer/Bloomberg
Hip-hop mogul Jay-Z and Block CEO Jack Dorsey are teaming up to take Bitcoin and financial education to the rapper’s childhood home. Dorsey announced the launch of Bitcoin Academy on Thursday. The financial education program will be free for residents living at the Marcy Houses, a public housing complex in Brooklyn.
The program will be offered both in-person and online from June to September. It launches in the midst of a turbulent year for cryptocurrencies. After soaring to almost $69,000 in November, Bitcoin has been in freefall for most of this year, with the largest cryptocurrency tumbling as much as 63% from that all-time high. More than $200 billion in overall market value was erased in a single day after the collapse of TerraUSD in May.