Crypto Philanthropy is expected to reach $ 10 billion by 2032: report

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Die Ausweitung von Kryptozahlungen im gemeinnützigen Sektor hat Wege für Spender geöffnet. Non-Profit-Organisationen unterschiedlicher Formen, Größen und Missionen haben als Ergebnis dieser aufstrebenden Philanthropie-Landschaft anhaltenden Erfolg. Der Ausbau der Spendenmöglichkeit hat bereits Früchte getragen. Laut den neuesten Daten, die von der bekannten Krypto-Wohltätigkeitsplattform „The Giving Block“ zusammengestellt wurden, werden die Spenden in Kryptowährung in den nächsten zehn Jahren satte 10 Milliarden US-Dollar übersteigen. Prognosen für Krypto-Spendenaktionen Kryptospenden spielen seit der COVID-Pandemie eine bedeutende Rolle und haben während der russischen Invasion in der Ukraine weiter an Bedeutung gewonnen. Während die Fundraising-Bedingungen durch die Turbulenzen auf dem Kryptomarkt im vergangenen Jahr stark …
The expansion of crypto payments in the non -profit sector has opened paths for donors. Non-profit organizations of different forms, sizes and missions have continued success as a result of this emerging philanthropy landscape. The expansion of the donation has already borne fruit. According to the latest data compiled by the well-known crypto charity platform "The Giving Block", the donations in cryptocurrency will exceed a whopping $ 10 billion in the next ten years. Forecasts for crypto donation actions crypto donations have played an important role since Covid pandemic and have further gained importance during the Russian invasion of Ukraine. While the fundraising conditions due to the turbulence on the cryptom market last year ... (Symbolbild/KNAT)

The expansion of crypto payments in the non -profit sector has opened paths for donors. Non-profit organizations of different forms, sizes and missions have continued success as a result of this emerging philanthropy landscape.

The expansion of the donation has already borne fruit. According to the latest data compiled by the well-known crypto charity platform "The Giving Block", the donations in cryptocurrency will exceed a whopping $ 10 billion in the next ten years.

forecasts for crypto donation actions

crypto pensions have played an important role since Covid pandemic and have further gained importance during the Russian invasion of Ukraine. While the fundraising conditions were severely affected by the turbulence on the cryptom market last year. 2022 was the second best fundraising year in the history of The Giving Block.

The annual report of the platform entitled "Crypto Philanthropy Data, Trends & Predictions" revealed that crypto donations on the platform in 2022 achieved a record level of over $ 125 million.

Taking into account the upward trend in the donations and the price development of Bitcoin, the crypto charity project predicted that it could achieve $ 1 billion by August 2027, reached $ 5 billion in June 2031 and then exceeded the $ 10 billion in November 2032. According to the company, donations in cryptocurrency are still a reliable source for important gifts for non -profit organizations.

In view of a turbulent market, several indicators showed that crypto philanthropy has strengthened their position as a reliable instrument for charitable donations. In the coming years we expect that crypto philanthropy in the non-profit sector and under crypto investors will become more important as a vehicles both for tax savings and for social change. "

The most popular cryptography used in donations, USDC, made up 44 % of the volume. Donations in ether accounted for 24 %, followed by Bitcoin with 17 %. Interestingly, Ethereum co-founder Vitalik Buterin was the largest donor who contributed $ 9.4 million over his philanthropical fund called Balvi.

The record-breaking crypto donation, which was processed on The Giving Block, was handed over to the University of Maryland in order to finance the research of the air disinfection to prevent future pandemics.

incentive for donors

The report found that the "oversized stability" of crypto philanthropy is due to the tax incentives compared to other crypto applications that donors in the USA and other countries must give with this special donation method. In addition, market volatility also plays a role in this trend, since it offers users a wealth of possibilities to consider the tax advantages of a charitable donation with their digital assets.

Although The Giving Block was motivated by the strong tax incentive to choose crypto instead of cash, he also emphasized the "enthusiasm" for the role that crypto philanthropy plays through the mainstream in the broader acceptance of the asset class.