This year, Bitcoin has shattered expectations, surging past an all-time high of $90,000 and now eyeing the $100,000 mark by year’s end. For nonprofits and their supporters, this isn’t just a headline-grabbing moment—it’s a critical opportunity to unlock new avenues of giving and make the most of crypto’s incredible growth.
As Bitcoin’s price soars, so does the potential impact of Bitcoin donations. Since The Giving Block launched in 2018, we’ve processed over 1,500 BTC donations for thousands of nonprofits. With Bitcoin now at $90,000, those donations would be worth over $140 million. That’s real impact: schools funded, research advanced, lives changed. And with Bitcoin reaching historic highs, this impact has the potential to grow even more, driving critical resources to nonprofits when they need it most.
Let’s take a look at why Bitcoin’s 2024 bull run is such a pivotal moment for the world of crypto philanthropy—and why it’s time for nonprofits and donors alike to embrace crypto.
Bitcoin’s Price Surge and the Future of Giving
When Bitcoin reached $20,000 in 2017, it made headlines around the world. When it hit $60,000 in 2021, financial analysts took note. Now, in 2024, the narrative has changed again, as Bitcoin sits above $90,000 as of writing this piece and could break six figures by year’s end. This isn’t just a milestone for the crypto industry—it’s a signal that digital assets have matured and are here to stay.
For the nonprofit sector, the timing couldn’t be better. With more people holding Bitcoin and seeing its value climb, many are looking for meaningful ways to give back. Crypto donations are tax-advantaged, allowing donors to give more while offsetting their tax burden. And with crypto holders eager to make a difference, nonprofits that are equipped to accept these donations stand to benefit significantly.
Why Nonprofits Should Embrace Crypto Donations Now
The Giving Block has been championing crypto philanthropy since 2018, and we’ve seen incredible growth in both the number of crypto donors and the impact their contributions can have. As Bitcoin reaches new heights, nonprofits that are ready to accept crypto donations will have a unique advantage.
Access to a New Generation of Donors
The crypto community is young, tech-savvy, and committed to creating change. Many crypto holders want to support nonprofits that share their values, especially when their assets reach new highs. By accepting Bitcoin and other cryptocurrencies, nonprofits can tap into this growing donor base.
Increased Donation Impact
As Bitcoin’s value has grown, so has the value of Bitcoin donations. The Giving Block’s 1,500 BTC donations, now valued at over $140 million, demonstrate the immense potential of crypto philanthropy. Nonprofits that accept crypto can benefit from similar gains, especially if crypto prices continue to rise.
Enhanced Tax Benefits for Donors
For donors, giving crypto can be a highly tax-efficient way to support causes they care about. By donating appreciated cryptocurrency directly, donors can avoid capital gains taxes and can deduct the full fair market value of the asset, making it one of the most tax-advantaged ways to give. This not only benefits the donor but also enables them to give more to nonprofits in need.
The Giving Block: Empowering Nonprofits to Accept Crypto Since 2018
At The Giving Block, we’ve made it our mission to help nonprofits unlock the power of crypto donations. Since we started, thousands of nonprofits have joined the platform, accepting donations in Bitcoin, Ethereum, and dozens of other digital assets. With our tools and resources, any nonprofit—large or small—can start accepting crypto donations, gaining access to a new source of funding and a new generation of donors.
And as Bitcoin’s price continues to climb, the potential impact of these donations only grows. A single Bitcoin donated today is worth over $90,000. For some nonprofits, even one BTC donation could fund an entire project or cover operational costs for months. With thousands of nonprofits already accepting crypto through The Giving Block, we’ve seen firsthand the difference that crypto philanthropy can make.
How Donors Can Maximize Their Impact with Crypto Giving
For Bitcoin holders, now is an incredible time to consider making a gift. With Bitcoin at an all-time high, donors can give more impactfully than ever. Here’s why:
- Tax Savings: Donating Bitcoin directly allows donors to avoid capital gains taxes, which can often be significant, especially after this year’s bull run. This means that a donation of Bitcoin goes further than a traditional cash donation, making a bigger difference for nonprofits.
- High Value, High Impact: With Bitcoin’s value soaring, crypto donations are worth more than ever. By donating now, supporters can have an outsized impact on the causes they care about—helping to fund everything from healthcare initiatives to climate action projects.
- A Legacy of Change: Crypto donations represent a new kind of philanthropy, one that’s driven by tech-savvy, socially conscious individuals who want to leave a lasting impact. Donors who give crypto are creating a legacy that shows the world how digital assets can be used for good.
Make a tax-deductible donation today, and browse thousands of crypto-friendly nonprofits.
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Don’t Wait to Join the Crypto Philanthropy Movement
For nonprofits looking to diversify their funding streams and tap into a new, growing base of supporters, there’s no better time to start accepting crypto. The Giving Block has seen firsthand the impact that crypto donations can have, and we’re here to help any organization get started.
The rise of Bitcoin to over $90,000 is more than just a milestone for the crypto community—it’s an opportunity for nonprofits to amplify their impact and for donors to give in a way that’s both meaningful and tax-efficient. With the right tools, resources, and a little bit of guidance, any organization can start benefiting from the transformative power of crypto philanthropy.
2024 has been a historic year for Bitcoin, but it could also be a historic year for the nonprofit sector. As we approach $100,000 BTC, consider what a crypto donation could mean for your favorite cause—or if you’re a nonprofit, what it could mean for your mission. The future of giving is here.
