Crypto

According to a Survey, Crypto Is the Most Popular Holiday Present Among Americans, Although NFTs Aren’t That Popular

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The most popular cryptocurrencies Americans expect to give during the holiday season include Bitcoin, Dogecoin, and Ether.

According to a survey, crypto is a popular holiday gift for Americans — but not so much for NFTs.

Bitcoin, Dogecoin, and Ether are the most popular cryptocurrencies that Americans plan to give this holiday season.

According to a new study by crypto lending startup BlockFi, digital currencies such as Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH) are destined to become the present of choice for consumers in the United States of America.

BlockFi’s “Real Talk: Happy HODLdays” study, conducted in October 2021, among over 1,250 U.S. residents, indicated that nearly one in ten Americans would send crypto to their loved ones as a holiday gift.

Bitcoin is by far the most popular gift (75 percent) among those planning to give or receive crypto as a gift during the Christmas festive of 2021, followed by Dogecoin and Ether, respectively. Non-fungible tokens (NFTs), on the other hand, are still gaining traction as a gift option, with only 2% of respondents interested in getting them as a present.

Furthermore, crypto is likely to become a big subject at family eating tables, with one-third of respondents preferring to talk about their favorite digital assets instead of politics during the holiday season, according to the report. While baby boomers prefer to discuss politics, Gen Z and millennials want to start the conversation with cryptocurrency.

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The survey revealed a lack of understanding of how to properly give crypto. Only around a quarter of those polled knew how to deliver crypto to someone as a gift. This demonstrates that crypto is becoming a popular issue, but further education would help an even larger public, according to Flori Marquez, co-founder, and SVP of operations at BlockFi.

BlockFi also inquired about their New Year’s resolutions. In 2022, a third of millennials want to buy cryptocurrency, compared to 25% of older generations. In 2022, 15% of respondents said they intend to purchase an NFT. One thing to keep in mind is that Gen-Zers (those born after 1997) prefer Dogecoin to Ethereum.

According to a similar poll performed by Crypto.com in Australia, a quarter of Australian crypto users intend to buy crypto gifts for their loved ones this Christmas.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.