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Survey says crypto popular holiday gift for Americans — NFTs not so much

Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to turn out to be the reward of alternative for individuals of the USA, a brand new research by crypto lending agency BlockFi revealed.

Performed in October amongst greater than 1,250 U.S. residents, BlockFi’s “Actual Discuss: Blissful HODLdays” survey discovered that almost one in 10 Individuals would give crypto to their family members as a vacation reward.

Bitcoin is the most well-liked reward by a big margin (75%) for individuals who plan to present or obtain crypto as a gift throughout vacation 2021, adopted by Dogecoin and Ether, respectively. Nonfungible tokens (NFTs), alternatively, nonetheless want time to be accepted as a present various as solely 2% of respondents are concerned with receiving them as a present.

Furthermore, crypto will probably turn out to be a scorching matter at household dinner tables, as one in three respondents desire speaking about their widespread digital property as a substitute of politics throughout the vacation season, the survey confirmed. Whereas boomers would nonetheless desire to speak politics, Gen Z and millennials plan to open the dialog with crypto.

The survey identified the lack of expertise on how you can truly give crypto. Lower than 1 / 4 of respondents truly knew how you can ship crypto to somebody as a gift. This reveals that crypto is changing into a well-liked matter however additional schooling would profit a good greater inhabitants, BlockFi co-founder and SVP of operations Flori Marquez mentioned.

Associated: 1 / 4 of Aussie crypto customers plan to purchase crypto Christmas presents: Survey

BlockFi additionally requested respondents about their new 12 months plans. A 3rd of millennials plan to purchase crypto in 2022 whereas it decreases to 25% within the older generations. Some 15% of respondents mentioned they plan to purchase an NFT in 2022. One factor to notice is that Gen-Zers, born after 1997, prefers to purchase Dogecoin over Ether.

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An identical survey, performed in Australia by Crypto.com, discovered {that a} quarter of Aussie crypto customers plan to purchase crypto presents for his or her family members ​​this Christmas.

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