Report: Fidelity Charitable Investment Maintains Positive Growth Despite Crypto Market Fluctuations

According to AMBCrypto, since its establishment, Fidelity Charitable, a Fidelity subsidiary, has received more than $ 100 million in cryptocurrency donations. For Fidelity Charity, market volatility has not had much impact. The company's report released at the end of 2019 stated that despite market fluctuations, Fidelity Charity's investment growth remained in a "positive range" and could therefore provide charities with an additional $ 5 billion in net income. The report said that although the value of cryptocurrencies fell sharply at the end of 2018, it peaked in mid-2019. Fidelity Charity accepts cryptocurrency donations including Bitcoin, enabling donors to waive any capital gains tax and provide charities with a completely fair market value.