Bitcoin philanthropist donated $1 million to psychedelics research

The anonymous Bitcoin philanthropist behind the Pineapple Fund donated nearly 60 Bitcoins, approximately $1 million, to the psychedelics research and advocacy group Multidisciplinary Association for Psychedelic Studies (MAPS).

"The Pineapple Fund's outstanding generosity exemplifies how the growth of cryptocurrency can be leveraged for profound social change," says MAPS Founder and Executive Director Rick Doblin, Ph.D. "The blockchain community is helping to lead the way, not only in decentralized technologies and currencies, but in giving the gift of MDMA-assisted psychotherapy to the world in order to heal trauma and bring greater compassion to psychiatry and medicine."

The philanthropist, known as Pine, has also:

• Donated $1 million to Watsi, an impressively innovative charity building technology to finance universal healthcare.

• Donated $1 million to The Water Project, a charity providing sustainable water projects to suffering communities in Africa

• Donating $1 million to the EFF, defending rights and privacy of internet users, fighting for net neutrality, and far far more

• Donated $500k to BitGive Foundation, a charity building projects that leverage bitcoin and blockchain technology for global philanthropy.

Previously: "An anonymous person with $86 million in bitcoin is giving it to charity"

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