Cryptocurrency and Philanthropy

Despite significant volatility over its 13-year history, 
cryptocurrency has become a financial phenomenon—
with the value of a single Bitcoin growing to an
all-time high of more than $66,000 in October 2021.
Cryptocurrency adoption continues to grow, despite
its reputation for unpredictability. 
It is increasingly common to see cryptocurrencies as 
an option to pay for goods and services—and yes, even 
charitable giving. But even as they become part of everyday 
transactions, many individuals, businesses, regulators 
and other institutions are struggling to keep up with the 
breakneck pace at which the landscape is shifting. 
So, what do these trends mean for the charitable sector? 
And how are charitably inclined investors approaching 
crypto donations? Fidelity Charitable conducted a survey to 
address these questions. What we found shows significant 
knowledge gaps about charitable giving tax strategies as 
they relate to cryptocurrency. 

Charting the cryptocurrency landscape 
Cryptocurrency is still new to many investors

Cryptocurrency and Philanthropy