A hefty $4 million has been donated into the research of MDMA as a potential treatment for post traumatic stress.
The anonymous Bitcoin millionaire donated the the staggering amount to the Multidisciplinary Association for Psychedelic Studies (MAPS) who are conducting the research, and will have to raise the same amount by March 10 to receive the money.
They donor didn’t leave a name, but did leave a statement: “PTSD is a severe condition that affects everyone from sexual assault survivors to military veterans.
“MDMA-assisted psychotherapy has shown great promise. We’re offering the matching grant because we think the psychedelic and cryptocurrency communities can work together to finish funding Phase III clinical trials.”
If the money is raised by MAPS, this will allow them to enter Phase III of their study that aims to legalise MDMA as a PTSD treatment, a study that was given the green light by the Food and Drug Administration (FDA) in August of last year.
It has been reported by Task & Purpose that this anonymous Bitcoin buff is giving out up to $84 million in digital currency as part of an initiative called The Pineapple Fund.
Thank god for crypto, right?