3 Must-See Bitcoin Graphics: “Donate Bitcoin” more popular than “Donate Stocks” for nonprofits?
Over the last 5 years, “Donate Bitcoin” has been searched more often than “Donate Stocks”. How is this possible? Here are the reasons:
- Cryptocurrency assets have appreciated more than the stock market – by a mile.
- Cryptocurrency ownership is rising, while the number of stock owners remains flat.
- Millennials love Bitcoin, not stocks.
1. Cryptocurrency assets have appreciated more than the stock market – by a mile.
Cryptocurrencies are the best performing asset class of the last 5 years. And of the last ten years. What that means is that when investors look at their portfolios, donating cryptocurrencies like Bitcoin is often their first choice, so as to offset the largest tax burdens. For nonprofits who accept cryptocurrency, this means donors are uniquely incentivized to make a Bitcoin donation rather than a stock donation.
2. Cryptocurrency ownership is rising, while the number of stock owners remains flat.
The number of people using cryptocurrency has consistently more than doubled every two years. This means that the number of people who could donate cryptocurrency is rising at an exponential rate. The number of nonprofits accepting Bitcoin donations, and other cryptocurrency donations, has also doubled over the last year. We expect these trends to continue in tandem.
3. Millennials love Bitcoin, not stocks.
Millennials love Bitcoin, not stocks. This resistance was largely fueled by the 2008 financial crisis which occurred around the time that many of them were first reaching the age where they could begin creating their own investment portfolios. At the same time that the FUD (Fear, Uncertainty & Doubt) around investing began to subside for millennials, cryptocurrencies began surging in popularity. As a result, millennials are the largest users base investing in cryptocurrency, and donating cryptocurrency.
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If you’re a nonprofit who would like to accept Bitcoin donations, reach out here.
If you’re a donor, you can view our list of over 100 nonprofits that accept bitcoin and other cryptocurrency donations here.
Thanks for reading everybody!
Pat, Alex and Michael
The Giving Block
About The Giving Block
The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto technology to achieve their mission. Discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.