Thirteen years into Bitcoin’s existence, numerous entities including federal agencies, elected politicians, and investment banks have confirmed the cryptocurrency’s status as a store of value. As of early November 2021, Bitcoin’s lifetime compound annual growth rate stood at 146%.
One sector which could benefit from the early adoption of Bitcoin payments is the not-for-profit industry. Key nonprofit benefits include more efficient donation collection methods, Bitcoin tax advantages (to both nonprofits and donors), and an increase in the proportion of each donation that reaches the charitable organization. Bitcoin holders are also younger, often 18 to 45, opening new donor segments as potential charity benefactors.