Bloomberg: Colleges Are Learning to Handle Donations in Bitcoin (BTC)

Bitcoin (BTC), Cryptocurrency–There is a curious duality to the landscape of cryptocurrency and the investors who make up its base. On one hand, you the vast riches that have been accumulated in a very short time span compared to the traditional stock market. During last year’s bullish run to end the year, when Bitcoin reached an all time high of $20,000, the massive leaps in pricing for BTC and the general altcoin market were documented on a near-hourly basis by finance outlets as large as CNBC. While the end result was a flood of myopic investors, those new enough to cryptocurrency to only be enamored with the prospect of overnight gains, the market also saw inspirational stories even as the price began to fall. December 2017 saw the creation of The Pinneapple Fund, an initiative that donated over 5,000 BTC to 60 charities for a total that exceeded $55 million–all given by an individual who felt fortunate to have benefited from the price appreciation of crypto.

Ripple, the…