Imagine if this were you for a moment:
2009:
You hear about Bitcoin and think "Wow, it's a great initiative. I'm going to give it a try!"
2010:
You mine Bitcoin but eventually stop to focus on your family and career. So, you let it rest for a few years.
2017:
You become a millionaire because Bitcoin reaches over $10,000.
What do you do now with all this new wealth?!
This isn't just a fairy tale story. It has happened multiple times to a variety of people who were early adopters of cryptocurrency.
Bitcoin has produced a new class of spontaneously wealthy people, many of whom have become philanthropists turning cryptocurrency into goodwill.
These philanthropists have sent Bitcoin to:
support the Philippines when it was drowned by Typhoon Haiyan.
support Iran when the floods inundated about 2/3 of the land.
provide food and medical aid to Venezuelans in need as their economic situation spirals downwards.
Bitcoin is a powerful, effective and quick way to send support during a time of crisis. And its ledger can be a transparent way to track funds, resources and support. Bitcoiners who have made massive wealth from early investing and mining know this and leverage its value to do goodwill.
Read more about it here:
Typhoon Haiyan: Bitcoin Startup's Philippines Appeal Tops $5.5k
IranRescueBit Launches Bitcoin Fundraiser to Aid Flood Victims
One Year of Bitcoin for Venezuela Initiative
When Disaster strikes, Bitcoin Facilitates Organized Charity and Grassroots Giving
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The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions. Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk. The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.
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