We have many crypto clients who have been impacted by the California Wild Fires, and are encouraging those who can to donate a portion of their crypto earnings to wildfire relief!
Donations of any kind are always based on your cost. This means how much you put in or paid for the asset. For crypto, this brings up some great opportunities. If you purchased crypto in 2018 vs. 2020 or 2023, your early crypto purchases were at a lower cost basis than the later ones, because you paid less for it. This means if you donate crypto purchased more recently your donation is based on a higher cost, or you can donate some of your early crypto purchases if you really want to offer support.
I’m Saim with Akif CPA and Blockchain Financial, and I’m encouraging you to donate a portion of your crypto to California wildfire relief.
Just a reminder that we are offering pro bon crypto accounting services, as much as we can, to crypto investors, traders, miners, and business owners who have been impacted by the California wild fires. We are based in Houston and have been impacted by hurricanes ourselves, and we’ve seen firsthand how difficult these disasters can be and how much of an impact they can make on the community. It’s one of our core values to give back and provide help to people impacted by disasters outside of their control, and we want to offer our help to California Wildfire Victims.
If you have been impacted, please contact our office and ask for Saim and our crypto team for help.