The Christmas period is known for fun, traditions and of course gift giving. In addition to the usual gifts such as toys and clothing, there is a new trend emerging in gift culture: crypto. Despite a challenging year for crypto in 2022, with several platforms going bankrupt, some forward-thinking givers have gifted bitcoin (BTC), dogecoin (DOGE) and ethereum (ETH). Now, a year later, we look back on the value of those gifts.
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Return on crypto gifts
Imagine if last Christmas season you decided to give loved ones $100 in one of three prominent cryptocurrencies. This gesture, which may have seemed like a risky gamble at the time, would now yield significant returns. With the recent rise of the crypto market in 2023, these crypto coins have shown 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 a mere 23.7%. These figures 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
With optimistic forecasts and growing interest, crypto giving can be seen as an investment in the future, a gift that potentially continues to grow.
Looking ahead, with predictions of significant growth in the crypto market, the trend of crypto giving during the holidays only seems to increase. It offers an exciting, albeit volatile, opportunity for both the giver and the receiver 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 lasting gift under the Christmas tree.
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2023-12-25 19:09:30
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