Bitcoin (BTC)

by | Jul 20, 2021

About Bitcoin

Bitcoin is by far the world’s most popular cryptocurrency–it’s become a household name for crypto, similar to what Kleenex is for tissues. But did you know that it plays a growing role in the philanthropic space? As mainstream adoption drives up Bitcoin’s value, many of its investors are donating a chunk of their investments to charities and nonprofits, fueling social causes around the world.

When Bitcoin was created in 2009 by Satoshi Nakamoto, only a handful of enthusiasts understood its potential to revolutionize the way people think about and execute financial transactions.

As Nakamoto outlined in an eight-page whitepaper, Bitcoin is a peer-to-peer system for sending payments that was not reliant on a financial institution. Its primary functions depend on two technological concepts that had been in development since the late 20th Century, blockchain and decentralized currency. Neither concept had been fully realized in a practical application until Nakamoto fused them together under the system he would call “Bitcoin.”

In broad terms, the launch of Bitcoin was the big bang that created the entire cryptocurrency universe. Today, the crypto market plays host to countless decentralized currencies that utilize blockchain technology. Sitting atop the heap is Bitcoin, which remains the most valuable cryptocurrency.

Bitcoin Donation Stats

Bitcoin donations to charities and registered nonprofits are increasing rapidly as cryptocurrency becomes more popular and valuable. To date, nonprofits that accept bitcoin donations with The Giving Block’s crypto giving platform have received:

$15M

Total value of Bitcoin donated via The Giving Block

400

Nonprofits who have received portions of this total

10,000

Bitcoin Donors

>$1M

Largest single Bitcoin donation received by a The Giving Block nonprofit client

Subscribe for the Latest Updates

Related Articles

7 Environmental Causes to Donate to This Earth Day Earth Day raises awareness about the growing need to protect our planet. This year, do your part by donating crypto to these 7 environmental causes.
7 Ways Foster Care Nonprofits Support Kids for Long-Term Success There are many ways that foster care nonprofits help kids establish successful lives. Learn how these nonprofits are making a difference for the long term.

Featured Articles

Related articles

RESOURCES - Tax Help | The Giving Block Tax Help July 24, 2021 Posted in: Donations & Taxes, Donors, Taxes We work with the leaders in crypto taxes to help our major donors give in a way that works best for them and our charities. Read more
UPDATE-Featured Image Earth Day 2022 7 Environmental Causes to Donate to This Earth Day April 21, 2022 Posted in: Cause Awareness, Donors Earth Day raises awareness about the growing need to protect our planet. This year, do your part by donating crypto to these 7 environmental causes. Read more
UPDATE-Foster Care blog | The Giving Block 7 Ways Foster Care Nonprofits Support Kids for Long-Term Success May 16, 2022 Posted in: Cause Awareness, Donors There are many ways that foster care nonprofits help kids establish successful lives. Learn how these nonprofits are making a difference for the long term. Read more