The Christmas season is known for fun, traditions and of course gift giving. In addition to the usual gifts like toys and clothing, a new trend is emerging in gift culture: crypto. Although 2022 was a challenging year for crypto, with multiple platforms going bankrupt, some forward-thinking donors have donated to Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH). Now, a year later, we look back on the value of these gifts.
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Return on Crypto Gifts
Imagine that last holiday season you decided to gift your loved ones $100 in one of three popular cryptocurrencies. This gesture, which may have seemed like a risky venture at the time, would reap significant rewards today. With the recent rise of the crypto market in 2023, these crypto coins have seen a significant increase. A total investment of $300 in BTC, DOGE and ETH would now be worth an impressive $559.61, an increase of 86.5%.
By comparison, an equal investment in traditional markets like the S&P 500 ETF would now be worth about $123.72, an increase of just 23.7%. These numbers highlight not only the potential of cryptocurrencies as an investment, but also the unique opportunities they offer compared to traditional markets.
Future perspective of crypto as a gift
Given the optimistic forecasts and growing interest, gifting cryptocurrencies can be viewed as an investment in the future, a gift that potentially continues to grow.
Looking ahead, the cryptocurrency gifting trend during the holidays only appears to be strengthening given predictions of significant crypto market growth. It offers both the giver and the recipient an exciting, albeit volatile, opportunity to be part of the financial future. In a world where we are increasingly looking for meaningful and long-lasting gifts, a small piece of digital currency could be the most sustainable gift under the Christmas tree.
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