The holiday season is a time to unwind and relax, but for many, it comes with the added pressure of having to find the right presents for your loved ones. While it may seem strange to consider giving your loved ones bitcoin as a present, it actually makes for an excellent Christmas present.
The value of the present may increase substantially over time
The value of bitcoin has seen tremendous growth over the course of this year. Ascending from $1,000 on January 1 to hitting the $10,000 milestone at the end of November, it seems like bitcoin really is heading “to the moon.”
While the digital currency has already rallied massively in the past year, all signs point to continued growth with some speculating the value to get to $40,000 in 2018. Given the number of institutional investors interest bitcoin has received in the past few months, this price target does not seem so unrealistic now.
Due to the fact that the value of bitcoin is expected to continue to rise, giving bitcoin as a present may allow your loved ones to generate a return on their Christmas present, which is not something you can say about a tie, a sweater or a scarf.
It will expose them to a new technology
Gifting bitcoin to your loved ones will expose them to the concept of digital currencies and will teach them about Bitcoin’s underlying blockchain technology.
Not only is it good for them to learn about how cryptocurrencies and the blockchain work, as these two new technologies will likely play major roles in society in the future, but it also enables them to join in on the conversation about bitcoin.
Bitcoin and cryptocurrencies, in general, have become one of the most talked about topics today due to the increasing media coverage they have been receiving in 2017. By making your loved one’s bitcoin holders, they can now join in on the conversation, which especially the older generation will enjoy as they love being “in the know” with what the kids are up to these days…