Acevedo wants his students to learn about saving, investing and crypto, so he started small, giving his students $5 worth of Zcash. Zcash is currently trading at about $150, a fraction of the $6,160 value of bitcoin, the cryptocurrency king. Acevedo discovered bitcoin several years ago when he was living in Costa Rica, where his wife is from. Acevedo introduced his students to bitcoin in an English class early in their senior year. He doesn’t care what the students sell — artwork, babysitting services or old clothes — but he wants them to become mini-enterpreneurs.
NEW YORK — As gold balloons dropped from the ceiling, the high school graduates at Morris Academy for Collaborative Studies jumped to their feet in jubilation. It was a scene from any high school graduation, but this was taking place in the South Bronx, one of the poorest U.S. neighborhoods.
José Pimienta, a graduate who goes by “pepper” because his last name means that in Spanish, said to remember him because he’ll be a rich investor soon.
One of Pimienta’s teachers — Carlos Acevedo — gave Pimienta and some of his classmates a special graduation gift: Zcash, a cryptocurrency that launched in late 2016.
“This is like stocks. I see it as a way to make money,” said Pimienta, who tracks “crypto” prices on his phone and debates with friends which virtual currency is likely to rise.
Zcash is currently trading at about $150, a fraction of the $6,160 value of bitcoin, the cryptocurrency king. But in this part of the South Bronx,...
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