Hosted back in October, it was found that nearly 1 in 10 Americans would gift their loved ones crypto as a holiday gift. The BlockFi “Real Talk: Happy HODLdays” survey was conducted among more than 1,250 U.S. Residents to reveal the statistics.
Bitcoin by far remains the most popular gift by 75%, for the people that plan on giving others crypto as a holiday present, with Dogecoin and Ether coming in 2nd and 3rd respectively. NFTs on the other hand aren’t fairing as well, as they need more time to be accepted as a gift alternative. Only 2% of the respondents seemed to have a vested interest in receiving them as a gift.
Crypto could stand to become a real conversation starter at the dinner table for many of these families, as it’s a great alternative for many citizens to bring up as a topic of discussion instead of politically fueled discussions.
The survey was also helpful in pointing out the lack of knowledge people had in terms of giving out crypto as a gift. The respondents that actually knew how to send someone crypto as a present amounted up to less than a quarter. It was paramount in illustrating that while crypto might undoubtedly be becoming a popular subject, further discussion and education would definitely be required in order to benefit a large population, Flori Marquez, BlockFi co-founder and SVP of operations said.
BlockFi also asked respondents of the survey about their plans for the New Year. A 3rd of millennials plan on purchasing and investing in NFTs next year, they revealed. What’s also noteworthy is that Gen-Z, i.e. anyone born after 1997, favors Dogecoin over Ether when it comes to their investment.
A similar survey was also conducted in Australia, and revealed that a quarter o the Aussie crypto community and users plan on purchasing crypto presents for their loved ones this holiday season.