As the biggest cryptocurrencies flirt with record
high values, they’re increasingly becoming
bigger sources of revenue for charities.
However, the number of charities accepting
the virtual currencies, known for their volatility,
remains limited.
Bitcoin, the world’s largest cryptocurrency, hit
nearly $69,000 for the first time in its history,
roaring back after sinking below $30,000 during
the summer. The value of ethereum, the second
biggest cryptocurrency, also hit a record high.
Both cryptocurrencies have dropped from
their record levels after helping push the
overall market cap of cryptocurrencies past
$3 trillion, according to CoinGecko pricing.
CoinMarketCap, another popular measure,
listed the market cap at $2.8 trillion.
So far this year, Fidelity Charitable, the nation’s
largest grantmaker, has received more than $274
million in cryptocurrency contributions — nearly