The Giving Block Celebrates Six Years of Crypto Philanthropy

by | May 22, 2024

The Giving Block turns six years old today! When we started out in a Washington, D.C. basement, we had no idea where this idea would take us, but it continues to be the most rewarding thing we’ve ever done.

When we launched The Giving Block, there were less than 100 million crypto users. Now there are over 580 million crypto users worldwide and crypto is becoming more mainstream by the day.

This anniversary is particularly exciting, as we get to celebrate while experiencing another crypto bull market. Bitcoin hit a new all-time high price and is up 165% since our last anniversary post.

Crypto’s overall growth is accelerating and doesn’t seem to be slowing down any time soon. We have no doubt that this will be a great year for crypto, and in return, a great year for crypto philanthropy.

The nonprofits we work with have also benefited from crypto’s growth. This year we have already processed more crypto donations in the first quarter than we did in the fourth quarter of last year. That has never happened before and shows the momentum we have to start this year.

We expect that this giving season and year end will be the most successful crypto fundraising period in history. The crypto market is now worth nearly $3 trillion. Quite a bit of that new wealth will make it into the hands of charities who are actively fundraising it.

Crypto is a growing part of today’s evolution in charitable giving. Trillions of dollars are increasingly controlled by younger donors who make everyday payments using Apple Pay, and move cryptocurrency and stocks in a few clicks on their phones. We have an opportunity to meet those donors where they are, but it won’t happen by accident. Nonprofits need to continue to adapt to this new generation of donors.

To all the nonprofits who have embraced innovation and modern fundraising solutions, keep up the great work. To those that are still earlier on that path, we’re here to help when the time is right.

We can’t wait to see what we can accomplish in the year ahead.

Alex & Pat

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