Crypto goes to camp

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California camp teaches kids how to mine bitcoin.

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June 28, 2021 2 min read

The opinions expressed by Entrepreneur contributors are their own.

Crypto Kids Camp in Los Angeles offers games, snacks, and cryptocurrency lessons, according to CNBC. 26 children aged 5 to 17 learned to trade, buy and even mine bitcoin in five days.

The children were mostly of non-white origin, as part of an effort to bridge the racial wealth gap, says founder and entrepreneur Najah Roberts, who is black.

Related: Binance, World’s Largest Crypto Exchange, Banned From UK

“Most of us grew up in school and no one has ever taught us how money works,” said Roberts. “We really missed the importance of saving and investing and how these things came to be.”

Campers have come from states like New Jersey and Texas to learn about the crypto trend that is spreading like wildfire in school clubs, social media, and online commerce.

Earlier this year, Georgian lawmakers even considered a bill requiring a personal finance course that includes cryptocurrencies for high school students.

Related: The Future Of Blockchain And The Market

Despite concerns about the volatility of the cryptocurrency market, there is no age limit for holding digital currencies, just as there is no age limit for holding cash. About 9% of teens say they’ve traded cryptocurrency, according to a survey by investment firm Piper Sandler. And the trend is expected to continue.

Roberts’ camp could be the first of its kind in the country. But Ciris Hendricks, the camp’s operations chief, says the goal is nationwide.

“We want to set it up to the point where it is in every city,” he said.

Roberts opened the camp in 2019 after spending several years as a bitcoin investor.

Related: Bitcoin Drops Its Price Below $ 30,000

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