One of many annual traditions of Christmas for many households is the giving and receiving of presents. Whereas standard reward objects embody toys, garments, reward playing cards, and cash, an alternative choice is to present a gift of cryptocurrency.
Here’s a glance again at how a lot a present of cryptocurrency for Christmas in 2022 could be price at the moment.
What Occurred: Simply like Mother’s Day, Christmas is a vacation that might see the choice of presents for family members in your loved ones.
Giving cryptocurrency as a present at Christmas 2022 could not have been a preferred selection for gift-givers or for these receiving presents because the yr was stuffed with detrimental headlines.
The yr 2022 noticed a number of cryptocurrency platforms go bankrupt and all the foremost cryptocurrencies traded down throughout the yr.
In 2023, cryptocurrencies have circled with lots of the largest cryptos outperforming the highest shares and general broad inventory market.
Here’s a glance again at how a lot three main cryptocurrencies given as presents for Christmas 2022 could be price at the moment.
Associated Hyperlink: Tim Draper Says Yes to Bitcoin For The Holidays, Anticipates $250,000 BTC In 2024
Investing $100 in Bitcoin, Dogecoin, Ethereum: A preferred reward quantity could have been giving $100 in cryptocurrency to a cherished one on Christmas Day 2022. Here’s a take a look at how a lot one may have purchased of Bitcoin BTC/USD, Dogecoin DOGE/USD and Ethereum ETH/USD primarily based on the intraday excessive on Dec. 25, 2022.
A $300 reward consisting of the three prime cryptocurrencies could be price $559.61 at the moment, a rise of 86.5%.
Family members would doubtless welcome the return of any of those three cryptocurrencies over the past yr.
For comparability, a $100 funding within the SPDR S&P 500 ETF Belief SPY, which tracks the S&P 500 Index, could be price $123.72 at the moment. This represents a return of 23.7%.
The vacations would doubtless be happier for family members who received cryptocurrency as a present final yr than many garments, reward playing cards, money, or shares.
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