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BlockFi Survey Reports Crypto as Popular Gifts for the Holidays For Americans

The survey noted cryptocurrencies like Bitcoin, Dogecoin and Ether proved to be some of the most popular gifts given by Americans to their loved ones for the holidays.

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Photo by Gajus Images / Envato

A survey by BlockFi revealed that cryptocurrencies such as Dogecoin, Bitcoin, and Ether are on track to becoming the most popular gift citizens of the U.S are giving each other for the holidays.

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.

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