A Secret Bitcoin Millionaire Is Giving Away $86m To Charity Through New ‘Pineapple Fund’
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An anonymous crypto-philanthropist is giving away $86 million in bitcoin after holding onto the lucrative digital currency as its price reached meteoric levels at the end of 2017.
The bitcoiner, who has chosen to remain unknown, has already handed out $7.5 million in bitcoin to charities and charitable causes across the world, and wants to give away the remaining amount away.
The creator of the charitable group known as The Pineapple Fund said that “once you have enough money, money doesn’t matter,” in an interview with The Guardian.
The user, named only as Pine, is giving away more than 5,000 bitcoins, each of which was prized at around $13,500 at the time of writing. Earlier this month, the bitcoin scaled record highs of $20,000. Some experts have cautioned that it could be a bubble ready to burst, or a blip that will see the digital currency steadily climb again.
In any case, Pine is getting rid of the majority of the bitcoins he or she owns, they say.
“I’m happy that I can help change the world for the better,” Pine tells Newsweek in a phone conversation, on condition of anonymity. “I have a great deal of faith in humanity, but I wish more people could live with love and respect for each other.”