Why Cryptocurrency Is One of the Most Powerful Forces for Good - The Giving Block

Crypto for Good: Why Cryptocurrency Is One of the Most Powerful Forces for Good

by | Oct 23, 2024

The intricacies of crypto’s future is often debated. We don’t know for certain which stablecoin will achieve market dominance, or which nation will lead on Web3. From blockchain, to crypto, to Web3, the buzzwords sometimes change. The one constant across this adoption curve has been that crypto was created to be, and has remained, one of the most powerful forces for good on the planet.

In the 15 years since the launch of Bitcoin, this technology has inarguably been the single greatest force for good in financial inclusion, sovereignty, transparency, security, and privacy. Across this same period, it’s been the fastest growing donation method to charities around the world, driving billions of dollars in funding to the areas that need it most.

Crypto is the top performing asset class of the past decade, and is on pace to be one of the greatest creators of this generation’s millionaires and billionaires, alongside real estate and traditional finance.

This next generation of wealthy leaders is different from any other we’ve seen in modern history. These leaders are younger, more tech savvy and significantly more impact minded than any other to date. Though the average crypto investor is only in their 30s, they’re already dramatically more likely to give $1,000 or more to charity each year than traditional investors who are older and richer.

The technology is proliferating around the world – banking the unbanked, giving women and activists under oppressive regimes financial sovereignty for the first time in their lives, striving for institutional transparency and returning power to the people. At the same time, the people participating in this revolution are some of the most generous we’ve ever seen.

As a result of the outpouring of impact use cases this technology has created, nonprofits have taken notice, and they have decided to make the crypto community an ally in the fight for a better world for all of us.

Why Nonprofits Are The Leaders in Crypto Adoption

Crypto is not just giving birth to a new class of impact-minded millionaires and billionaires. Crypto is also transforming what nonprofits look like.

At a time where less than 1% of regional banks offer crypto services, the majority of America’s top charities already are not just accepting crypto donations, they’re looking for partnerships in the crypto community. Thousands of the leading nonprofit organizations (like St. Jude and Save the Children) have been fundraising crypto for years, raising millions of dollars through their efforts to build relationships in the crypto community.

Nonprofits are crypto’s greatest champions. And we as a community need to remember that, and do everything we can to help more nonprofits grow and thrive within the web3 community. That means more projects partnering with nonprofits, and more donors giving tax optimized crypto to the pro-crypto orgs who are some of our most trusted voices in the fight for crypto acceptance across the general public, financial institutions and regulators.

$200 Million to support the causes you believe in | Crypto for Good | The Giving Block

A $200 Million Goal

As the market tailwinds have added more than a trillion dollars to the crypto market cap in the last 12 months, crypto philanthropy has exploded yet again. If the generosity of crypto donors and companies continues, The Giving Block platform is on track to reach $200,000,000 in total cryptocurrency donations for charities, universities and faith-based organizations by the end of 2024. To help us get there, we’re going to spend the rest of 2024 highlighting the most impactful people in crypto, and spreading the word about what makes crypto and the people who power it one of the greatest forces for good.

The “Crypto for Good” Campaign

We’re proud to launch our Crypto for Good campaign, the largest initiative yet to raise awareness of the incredible intersection between crypto and philanthropy. At The Giving Block, we’re on a mission to remind the world of the real power of crypto, and remind us all that crypto is more than just a financial tool—it’s a catalyst for global change. Crypto is empowering individuals, protecting human rights, fostering transparency, and giving nonprofits the resources they need to make a lasting impact. We’re committing our team and our platform to spreading these stories to raise more crypto donations for charities, and drive broader crypto adoption.

Here’s how you can help:

Crypto Investors (Donors)

Donate

Find the causes you support at thegivingblock.com/donate and send crypto donations in a few clicks!
The Giving Block has thousands of charities, schools, religious organizations and more.

Give Big

If you’re making a large donation and need professional giving and/or tax advice, use our free Private Donor Services. Whether you’re a donor, foundation or advisor, we can provide bespoke services for all your crypto-giving needs.

Nominate a Charity

Don’t see a charity you love on thegivingblock.com/donate? You can send a one-time donation and nominate them for a TGB profile here! We’ll help you donate your crypto to the charity, and then connect with the charity to equip them with a form for accepting crypto donations through our site and their own. Getting them on The Giving Block gives them access to match dollars, fundraising campaigns and more!

Nonprofits

Accept Crypto Donations

We’re on a mission to empower every nonprofit in the US and beyond to accept crypto, stock and DAF donations directly through their site in a few clicks. Ready to modernize fundraising? Get started here.

Fundraise Crypto

Any nonprofit on The Giving Block gets access to our full solution suite, toolkits, knowledge base, training sessions and the ability to build campaigns with the top crypto, stock and DAF fundraising strategists.

Crypto Companies, Projects & Influencers

Nonprofit Match-Making

We’ve helped hundreds of the leading brands in crypto grow their organizations and their impact through partnerships with nonprofits. Looking for a nonprofit organization that you can not only support, but grow with? Get started here.

Media

Tell More Stories!

There are thousands of nonprofits, donors and partners who have incredible stories to tell about the role that cryptocurrency is playing in making our world a better place. But these stories will never become part of the crypto sector’s identity unless media platforms and journalists help us spread the word!

From crypto influencers to nonprofit industry leaders to multimillion-dollar donors – there are tons of exciting stories to spread across the crypto sector and beyond about the role that crypto is playing in philanthropy and beyond.

Help us tell these stories! Contact us here.

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