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04 Jul 2017

Bitcoin donations to a $16 billion charitable fund are soaring

Bitcoin donations to a $16 billion charitable fund are soaringBitcoin donations to a $16 billion charitable fund are soaring. Bitcoin is red hot these days. The price of the cryptocurrency is up about 140% since the beginning of this year. And now it looks like bitcoin’s popularity among the charitable is also on the rise.  According to the recently released Fidelity Charitable 2017 Giving Report, donations made in bitcoin to Fidelity Charitable, a $16 billion donor-advised philanthropic fund, grew to about $9 million in the first half of 2017. That’s about $2 million more than what bitcoin donors contributed in all of 2016. The report paints a picture of the nearly 150,000 people who donate to the fund in order to illustrate trends in charitable giving, according to Fidelity Charitable’s site.   Donors to the fund have been able

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