Crypto Community Rallies for Small Business Relief

In a remarkable twist of fate, Dave Portnoy, the face of Barstool Media, has turned to bitcoin and other digital currencies to fuel his small business relief fund. It’s as if the universe wanted to prove that not all heroes wear capes; some send Bitcoins instead.

The Barstool Fund’s Mission

Launched in response to the economic hardships imposed by the Covid-19 pandemic, the Barstool Fund has swept into action like a caffeinated squirrel. By the latest count, it has raised nearly $5.3 million, supporting 14 small businesses across the country. How did it get there, you ask? Let’s just say a hearty community of over 53,000 donors has stepped up to the plate.

Crypto Donations Take Center Stage

Thanks to a partnership with Morgan Creek Digital and The Giving Block, donations in cryptocurrencies like Bitcoin, Ethereum, and more began pouring in faster than you can say “blockchain.” As reported by industry aficionado Anthony Pompliano, the crypto-community’s contributions exceeded $750,000 as of last Friday morning. Who knew you could make such an impact while lounging in your pajamas?

How to Donate Crypto

Curious about how to throw some digital love into the mix? Donors can easily visit the Barstool Fund’s website, click on “contribute,” and select their preferred cryptocurrency. It’s as simple as buying a virtual latte! Once the donation goes through, a tax receipt will pop into your email faster than you can say “I should’ve done this sooner.”

The Bigger Picture: Economic Fallout of COVID-19

While crypto donations are helping, let’s not forget the mountain of economic challenges small businesses continue to face. According to Pompliano, small businesses are responsible for about 50% of U.S. jobs. As closures mount and the pandemic drags on, these businesses are fighting to keep the dream alive, one donation at a time.

Congress’ Relief Measures

In a collective sigh of relief (or was it collective eye-rolling?), Congress finally agreed on a new Covid relief package, allocating an additional $284 billion for the Paycheck Protection Program (PPP). But with the clouds of additional lockdowns looming overhead, many wonder if this relief is akin to bringing a fork to a food fight.

The Final Word

As we close the book on 2020, let’s embrace the spirit of generosity—whether it comes in the form of crypto coins or cheerful donations. Let’s share some holiday cheer and float small businesses through these choppy waters. And hey, if Bitcoin can be a part of that story, why not? After all, in this age of digital currencies, every little bit helps!