Crypto is the fastest growing asset class in the world, having grown to a multi-trillion dollar market in just over a decade. Significant individual wealth has been made during this growth and the popularity of crypto donations has grown with it. In 2019, $200 million worth of crypto was donated, while in 2021 that number grew to over $1billion.
Millennials make up the largest cohort of crypto holders and are establishing their giving relationships now. Organizations that adapt to their preferences will be better positioned to build lasting relationships as this generation grows their wealth and takes the financial mantle from the generations before them as time passes.
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DISCLAIMER: CryptoZakat’s tools utilize API data from third party sources that can be prone to market volatility, which may cause divergence from the reported price of an asset while utilizing the tool and the price a donation is executed at. Cryptozakat’s price quotes should not be used when completing official tax documents. The tools and resources on CryptoZakat.io are for educational and informational purposes only and are not intended to constitute, and should not be relied on for, tax, legal or accounting advice. Some donations may require qualified appraisals in order to be granted tax exemption from the IRS. Optimal tax strategies can vary greatly from person to person and we strongly encourage users to seek qualified guidance from a certified professional accountant or registered tax lawyer.
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