Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to become the gift of choice for the people of the United States, a new study by crypto lending firm BlockFi revealed.
Conducted in October among more than 1,250 U.S. residents, BlockFi’s “Real Talk: Happy HODLdays” survey found that nearly one in 10 Americans would give crypto to their loved ones as a holiday gift.
Bitcoin is the most popular gift by a large margin (75%) for people who plan to give or receive crypto as a present during the 2021 holidays, followed by Dogecoin and Ether, respectively. Nonfungible tokens (NFTs), on the other hand, still need time to be accepted as a gift alternative as only 2% of respondents are interested in receiving them as a gift.
Moreover, crypto will likely become a hot topic at family dinner tables, as one in three respondents prefer talking about their popular digital assets instead of politics during the holiday season, the survey showed. While boomers would still prefer to talk politics, Gen Z and millennials plan to open the conversation with crypto.
The survey pointed out the lack of knowledge on how to actually give crypto. Less than a quarter of respondents actually knew how to send crypto to someone as a present. This shows that crypto is becoming a popular topic but further education would benefit an even larger population, BlockFi co-founder and senior vice president of operations Flori Marquez said.
Related: A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey
BlockFi also asked respondents about their new year plans. A…