The Virtuous Cycle of Bitcoin Giving
Higher Prices Mean More Giving. More Giving Means More Adoption Bitcoin has left every other asset class in the dust. And that outperformance didn’t just take place this year — it’s outperformed every asset over the last five-year and 10-year periods. As we approach a new all time high, 99 percent of bitcoin owners are in profit. Given how rapidly bitcoin has appreciated, it shouldn’t be surprising to hear that price rallies lead to significant bitcoin donations. The last time Bitcoin hit $20,000, we saw over $100 million worth of bitcoin donated to nonprofits in one month. A huge....
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Of course institutions disregard Bitcoin — it represents the aspects of freedom and private ownership that are in direct opposition to them.
Rare is the successful revolution whose new regime is kinder, gentler and more just than the one it replaces. We must strive to protect the spirit of Bitcoin.
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