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Anonymous Bitcoin Millionaire Funding MDMA Therapy for PTSD

Anonymous Bitcoin Millionaire Funding MDMA Therapy for PTSD

Over the past year, the world watched as Bitcoin shot up in value turning those who had the foresight to invest in it into millionaires. Now, we are seeing the true power of this new creation of wealth as it manifests into charity. One charity, in particular, is paradigm-shifting as it doesn’t seek to hold extravagant dinners or events to pat themselves on the back and get notoriety. Instead, the Pineapple Fund remains entirely anonymous and donates to causes governments wouldn’t go near—like MDMA.

As the NY Times wrote last month, the organization was started in December by an anonymous donor who goes by the nickname “Pine” and claims to be among the 250 largest holders of Bitcoin in the world. The fund aims to give away $86 million worth of Bitcoin, and has already given $20 million worth of the currency to 13 organizations, including million-dollar donations to the Water Project, which provides clean water to people in sub-Saharan Africa, and the Electronic Frontier Foundation, a digital rights watchdog.

The Pineapple Fund has bankrolled everything from clinical trials of psychedelics for PTSD to teaching kids to read and write. The man, or woman, behind the curtain has shown that they intend on making the world a better place by challenging the status quo and couldn’t care less about taking any credit for it.

One of Pine’s funding projects is a group founded in 1986, called the Multidisciplinary Association for Psychedelic Studies (MAPS). MAPS is a 501(c)(3) non-profit research and educational organization that develops medical, legal, and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana.

As TFTP reported last year the government granted “breakthrough therapy designation” to a drug which was previously in the Schedule 1 category—MDMA or ecstasy—to treat PTSD.

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