Report: Cryptocurrency Donations Will Exceed $10 Billion in Ten Years

A current report from The Giving Block predicts that cryptocurrency giving will surpass $1 billion by August 2027, surpass $5 billion by June 2031, and surpass the $10 billion mark by November 2032.

The report highlights the highest cryptocurrencies utilized in donations and the biggest annual donations in cryptocurrencies. USDC accounted for 44%, ETH accounted for twenty-four%, and BTC accounted for 17%.

Along with the platform’s cryptocurrency donation knowledge, The Giving Block additionally made predictions primarily based on its evaluation of potential bitcoin donations. The platform predicts that BTC might hit $100,000 in September 2026 and $250,000 in October 2029.

The rising reputation of cryptocurrency donations will be attributed to their safety, transparency, and ease of use. Giving Block is a platform that permits charities to simply accept cryptocurrency donations and affords tax advantages to the donors.

In line with Pat Duffy, co-founder of The Giving Block, “Cryptocurrency donations have the potential to vary the way in which we give to charity. Not solely do they provide important tax advantages, however additionally they present donors with the transparency and accountability of conventional giving.” Unable to match.”

The report additionally revealed that the highest 5 hottest charities accepting cryptocurrency donations are Save the Kids, No Child Hungry, The Water Undertaking, Rainforest Basis US, and United Approach.