According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” the all-time cryptocurrency donations on the platform overcome $125 million in 2022. Based on available data, the crypto charity project predicted that it could top $1 billion by August 2027, hit $5 billion by June 2031, and break the $10 billion mark. in November 2032.
Data collected by crypto-charity platform The Giving Block shows that donations in the form of cryptocurrency will exceed $10 billion in the next decade.
In addition to the platform’s data on crypto donations, The Giving Block also based its predictions on its analysis of the potential price trajectory of Bitcoin (BTC). The platform predicted that BTC could reach $100,000 in September 2026 and hit $250,000 in October 2029.
Within the annual report, the charity project also highlighted the most used cryptocurrencies in donations and the largest cryptocurrency donation of the year. As for the main crypto used for the donation, USD Coin (USDC) took 44% of the volume, while Ether (ETH) followed suit with 24% and BTC used 17% of the donations.
Meanwhile, Ethereum co-founder Vitalik Buterin held the record for the largest cryptocurrency donation of the year, with $9.4 million through Balvi, his philanthropic fund.
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As charities and crypto donations grow in number, some may wonder where the donations actually go. In 2022, The Giving Block also shared six charities that benefited from crypto donations. This includes the orangutan preservation project Orangutan Outreach, which cares for orphaned and displaced orangutans, and the regenerative agriculture nonprofit Trees for the Future, which managed to plant 2.3 million trees thanks to crypto donations it received. .
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