The survey claims that cryptocurrency is popular in American holiday gifts-not many NFTs
A BlockFi survey of more than 1,250 U.S. residents conducted in October of “Real Talk: Happy HODLdays” found that nearly one in ten Americans would give cryptocurrency as a holiday gift to their loved ones.
For those who plan to give or accept cryptocurrency as a gift during the 2021 holiday period, Bitcoin is the most popular gift, followed by Dogecoin and Ethereum, which are as popular as 75%. On the other hand, non-fungible tokens (NFT) still need time to be accepted as gift substitutes because only 2% of respondents are interested in receiving them as gifts.
In addition, the survey shows that cryptocurrency may become a hot topic on the family table, as one-third of respondents prefer to talk about their popular digital assets during the holiday season rather than politics. Although baby boomers still prefer to talk about politics, Gen Z and millennials plan to start a conversation with cryptocurrency.
The survey pointed out that there is a lack of knowledge of how to actually provide encryption. Less than a quarter of respondents actually know how to send cryptocurrency as a gift to someone. Flori Marquez, co-founder and senior vice president of operations at BlockFi, said that this shows that encryption is becoming a hot topic, but further education will benefit more people.
BlockFi also asked respondents about their New Year’s plans. One-third of millennials plan to buy cryptocurrency in 2022, while among the older generation this proportion drops to 25%. Approximately 15% of respondents indicated that they plan to purchase NFT in 2022. One thing to note is that Gen Z, born after 1997, prefer to buy Dogecoin instead of Ether.
A similar survey conducted by Crypto.com in Australia found that a quarter of Australian cryptocurrency users plan to buy cryptocurrency gifts for their loved ones this Christmas.