Crypto Gifts for Christmas, Is It a Thing? YES!

Of course, there are tons of people out there who still don’t know the perfect gift to get. As a crypto lover, you may ask if gifting your spouse or loved one a crypto is a good idea.

Cryptocurrencies have come here to stay, and given their popularity, it wouldn’t be weird to give your loved one some cryptos or even an NFT if they are fascinated by them. Your gift for the season doesn’t have to be the regulars. Surprise your loved one with some Bitcoins or altcoins.

Are NFTs Worth Buying?

The explosion of NFTs in 2021 defines logic. Everyone blames the rise in cryptocurrency as the causative factor for the boom. Investors from across different sectors are owning an NFT for a mouthwatering amount.

LeBron James’s slam dunks and Jack Dorsey’s Tweet are worth millions of dollars. Remember the Beeple’s artwork “Everyday” that sold for $69M?

The fact of the matter is it’s hard to tell if an NFT is a good value, as different people evaluate an NFT based on certain criteria. The value of an NFT solely lies in the eye of the collector. If buying an NFT is for investment purposes, you may lose out entirely. In essence, you have to be cautious with your choices.

But are NFTs good as Christmas presents? The answer is yes. First, NFTs are scarce. This scarcity is what made them appear quite valuable. No two NFTs are the same, as the second copy remains on the blockchain while the original is with the creator or the buyer.

An individual that owns a CryptoPunk NFT is regarded as an aristocrat because of the expensiveness of the avatars.

According to a survey conducted by Morning Consult in March 2021, 20% of United States Adults are interested in NFTs, with 9% indicating more interest in owning and trading one.

One of the most interesting demographics is the physical collectors. It may also interest you to know that Americans make up over half of NFT investors, according to Christie.

In the long run, NFTs might not hold any value, but surely, your friends, loved ones, or spouse will be happy to have owned one due to their increasing popularity. You can get an NFT on marketplaces, such as OpenSea and Nifty Gateway.

Bitcoin/Altcoins As Gift Alternatives

It’s a well-known fact that one in five Americans already own some form of cryptocurrency. The statistics will expand even further heading towards the future. So, you shouldn’t see it as a surprise when several people intend to give crypto to a loved one, especially during the holiday/festive season.

But how do you know the crypto your friend or loved one would like to have as a gift this Christmas? The simplest way of course is to ask them, but it won’t be a surprise anymore if they find out what you are going to give them. Not everyone wants the same crypto. According to BlockFi, Gen Z and Millennials have a thing for Dogecoin over other altcoins, while men prefer Ether to Bitcoin.

The cryptocurrency market hasn’t been stable profit-wise at the moment, but now is even the ideal time to give your loved one a crypto.

How do you gift a crypto?

You can do that via Coinbase. This exchange has a “Gift” feature that allows you to send crypto to email addresses for a negligible fee. Alternatively, you can do that through Cash App.

Do make a change this Xmas and gift someone an NFT or a crypto. Elon Musk or even Mark Cuban may gift some Doge this season. Who knows? You might just be a lucky receiver and won’t have to buy cryptos to give as presents to someone of interest.

Hey, How About The Metaverse?

The metaverse is all the rage nowadays; the new frontier has been touted by many pundits as the next center for blockchain-related bull runs.

The potential use cases are numerous, from immersive entertainment to office meetings in the future. If your loved one is really into any of these, you can get them anything from nice VR glasses to land in the Sandbox. The beautiful thing is stuff like these can become viable assets in the future.