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- The philanthropic initiative helped educate some of Marcy’s residents onto the Bitcoin network
- BTC Price at the time of writing – $19,227.48
- BTC Market Cap – $368,216,304,665
The Bitcoin Academy, Jack Dorsey and Jay Z’s (Shawn Carters’) Bitcoin education program, has completed its first iteration.
The initiative came to an end after 12 weeks by airdropping $1,000 in Bitcoin to everyone who chose to receive a grant.
The entire program, including the final airdrop, was personally funded by both Jay-Z and Jack Dorsey, as reported by Business Insider.
Jack and Jay Z’s Parting Gift
An email from Jay’s mother revealed that over 350 Marcy residents attended the program, despite the fact that the precise number of people who received the airdrop is unknown.
At the beginning of June, it was announced that the Bitcoin Academy would be an in-person program that would educate residents of Marcy Houses, New York—where Jay Z grew up—about Bitcoin and provide them with resources.From June 22 to September 7, it was in effect.
At the time, the organizers made it clear that participants would get free smartphones, one-year data plans, and MiFi devices.Some residents were enticed to attend because of the program’s free childcare and other benefits.However, the Bitcoin present came as a surprise at the last minute.
ALSO READ: Robert Breedlove Predicts Bitcoin Will Trade at $12.5 Million
Students of the academy were in no way pressured to buy Bitcoin
What the Program Taught Some of the classes that were taught at the event included Wealth Building and Assets, Why Decentralization Matters, Staying Safe from Scammers, Bitcoin & Taxes, and Careers in Crypto.The recordings of all courses are still available online, but only to Marcy residents.
He made the observation that after being explained to them, many of the residents were able to comprehend even highly technical concepts like Bitcoin mining.
Additionally, they were taught about how Bitcoin can be used to create generational wealth, which was well received by many attendees.
Particularly, Wilson was intrigued by the way that historically oppressed groups can use Bitcoin to safeguard their wealth from being confiscated.Mariela Regalado, a resident of Marcy, recognized Bitcoin as a means of ensuring her daughter’s financial future.
Wilson and Regalado both emphasized that the academy’s students were simply educated about Bitcoin, and that they were under no obligation to do so.According to Regalado, it always felt like we were at a family dinner, and that cousin that discovered Bitcoin is telling everyone else about it.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
