A current report from The Giving Block predicts that cryptocurrency donations will high $1 billion by August 2027, high $5 billion by June 2031, and high the $10 billion mark by November 2032. .

The report highlights the highest cryptocurrencies utilized in donations and the biggest annual cryptocurrency donations. USDC accounted for 44%, ETH 24% and BTC 17%.

Along with the platform’s cryptocurrency donation information, The Giving Block additionally made predictions primarily based on its evaluation of potential bitcoin donations. The platform predicts that BTC may attain $100,000 in September 2026 and $250,000 in October 2029.

The rising recognition of cryptocurrency donations could be attributed to their safety, transparency, and ease of use. Giving Block is a platform that permits charities to simply accept cryptocurrency donations and supplies tax advantages to donors.

Based on Pat Duffy, co-founder of The Giving Block, “Cryptocurrency donations have the potential to vary the best way we give to charity. Not solely do they provide vital tax advantages, however additionally they present donors with the transparency and accountability of conventional giving. Unable to match.

The report additionally revealed that the 5 hottest charities accepting cryptocurrency donations are Save the Youngsters, No Child Hungry, The Water Mission, Rainforest Basis US, and United Manner.