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Jay-Z And Jack Dorsey Raise Eyebrows Over Plan To Help Brooklyn Public Housing Residents Buy Bitcoin

Ben Zeisloft
Jay-Z And Jack Dorsey Raise Eyebrows Over Plan To Help Brooklyn Public Housing Residents Buy Bitcoin
Photo by George Pimentel/WireImage via Getty Images

Internet entrepreneur Jack Dorsey and rapper Jay-Z are raising eyebrows over their initiative to teach people in Brooklyn public housing about cryptocurrency.

Bitcoin, a form of decentralized digital money that can be transferred between users’ virtual wallets, was among several cryptocurrencies to plummet in price over the last few months. The digital coin’s price fell from around $48,400 at the end of December to roughly $20,600 as of Wednesday.

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