High-Growth Fundraising the Silicon Valley Way

4Deep Dive into Cryptocurrency

Without going into great detail, cryptocurrency is a decentralized digital asset. Anyone around the world can make a crypto transaction by buying crypto with fiat currency, selling crypto for fiat currency, or trading crypto. Transactions are recorded on a blockchain, which is a distributed ledger that is run by a network of computers—meaning it is not owned by a single entity or regulated by the US government. Because cryptocurrency is encrypted by nature, it is nearly impossible to hack, manipulate, or double-spend, making it a trustworthy form of currency.

Cryptocurrency, also known as crypto, is a digital form of currency. Over the past several years, crypto has slowly integrated into the mainstream economy and has become an accepted form of payment by major retailers like Starbucks and Home Depot. In 2020 to 2021 there was a huge spike in crypto investors and enthusiasts who have recognized the value of cryptocurrency as an alternative investment option. Like stock, crypto investors can buy, sell, trade, and use crypto as an investment vehicle for short-term and long-term capital gains. The information in this chapter is going to be vital to your knowledge as a high-growth fundraiser as we dive deep into the what, who, and how of crypto investing and donations.

How Does Crypto Gain Value?

One of the best ways to understand how crypto gains value is comparing Bitcoin to gold.

Gold is a precious metal that is highly valued globally, yet there ...