According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations on the platform surpass $ 125 million in 2022. Based on the available data, the crypto charity project predicts that it can exceed $ 1 billion in August 2027, reach $ 5 billion in June 2031 and exceed the $ 10 billion mark in November 2032.
Data collected by crypto charity platform The Giving Block shows that donations in the form of cryptocurrencies will exceed $10 billion over the next decade.
In addition to the platform’s data on crypto donations, The Giving Block is also based on predictions on the analysis of potential Bitcoin (BTC) price trajectories. The platform predicts that BTC can reach $100,000 in September 2026 and reach $250,000 in October 2029.
In its annual report, the charity project also highlighted the most used cryptocurrencies in donations and the largest crypto donations of the year. For the top cryptos used for donations, USD Coin (USDC) takes 44% of the volume, while Ether (ETH) follows at 24% and BTC is used at 17% of donations.
Meanwhile, Ethereum founder Vitalik Buterin holds the record for the largest crypto donation this year, giving $9.4 million through Balvi, a philanthropic fund.
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While charities and donations in crypto are on the rise, some may wonder where the donations actually go. Back in 2022, The Giving Block also showed six charities that benefited from crypto donations. These include the orangutan conservation project Orangutan Outreach, which takes care of orphaned and displaced orangutans and the non-profit regenerative agriculture Trees for the Future, which was able to plant 2.3 million trees thanks to the crypto donations received.
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