Alex Coin 
Could Bitcoin be the ideal gift we’ve always been looking for? The $100 in Bitcoin from 5 Christmases ago is worth much, much more today.
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Finding the ideal gift is often an impossible task. Clothes and shoes go out of style, technological gadgets become obsolete, and even the finest wine has an expiration date. But what if we could give something that would stay with that person for a long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. time, getting better with time?
A very popular option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. at this time of year is the gift cards those cards with which you can buy whatever you find to your liking in shops like Amazon . Meanwhile, the more traditional ones prefer to give the classic envelope with cash as a gift. However, and in the midst of an accelerated devaluation of fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currencies, this option does not seem to meet our initial requirement either.
The hundred dollars grandpa gave us last holiday season buys less stuff today than it did a year ago. According to the latest consumer price indexes in the United States, la inflation rate has increased by 6.8%. in the last 12 months the highest in almost 40 years. Things are not much different in other parts of the world. In the European Union, the rate of inflation a general increase in prices and fall in the purchasing value of money. in the euro zone rose to 4.9%. during the month of November, the highest in 25 years.
On the other hand, the world’s leading cryptocurrency, Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. has shown an opposite trend. While fiat currencies such as the dollar and the euro have depreciated in recent months, the price of the euro has fallen in recent months. Bitcoin has increased by more than 100% during 2021 (relative to the dollar). This percentage is even higher if we extend the overview to the last 5 and 10 years, a period in which the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. has increased at a rate of 5,000% and almost 5,000,000%, respectively.
By way of comparison, the oro which has historically represented the quintessential safe-haven asset, posted a negative gain of 5.6% over the past year. Meanwhile, in the long term, the precious metal has increased only 56% in the last 5 years and 13% in the last 10 years (relative to the US dollar).
Bitcoin grows with the passage of time
To illustrate how Bitcoin can represent that ideal gift that keeps on ‘giving’ over the years, let’s do the following exercise: let’s think that every year an envelope with the digital currency has been left under the Christmas tree. How much would a gift of USD $100 be worth today in Bitcoin de haber sido obsequiado 3, 5, y hasta 10 años atrás?
If you had been given a $100 gift in Bitcoin five Christmases ago, you would have just over $5,000 USD at today’s prices ($48,000), and a little more than double if you had received that amount just the previous Christmas. The gains gains refer to an increase in value or profit. are even higher for those who received bitcoins in 2014, as it would see around $15,200.
Undoubtedly, the most fortunate would have been those who received coins during the early years of the Bitcoin between 2009 and 2011, when the asset was trading below one dollar. Those would have today, hypothetically, a treasury of several million dollars. For their part, those who would have received the crypto by December 2012, would pay today about 300,000 dollars.
Although not every year the gift bore so much fruit. If you had been given Bitcoin during the bullish season of 2017, this would be only three times higher. Meanwhile, since last Christmas, the small treasure would have doubled. It is worth noting that these gains would be 30% higher if we were to take as a reference the all-time high of USD $68,500 it recorded. Bitcoin in November of this year.
Bitcoin seems to be by all accounts the ideal gift; at least it looks much better than a gift card or an envelope of money and, if anything, it seems to meet the criteria of getting better over the years. Care to guess how much today’s $100 BTC could be worth in 10 years?
The perfect gift does exist
In addition to its potential to increase over time, Bitcoin has other features that also make it a great gift. For example, they can be sent anywhere in the world, 24 hours a day, every day of the year; and besides being an instrument to safeguard value, it can also be used as a payment mechanism.
On the other hand, giving Bitcoin can represent a window into a financial technology that seems to be shaping the global future, and is a great way to introduce a loved one to the field. It can also offer greater financial freedom – by being a valuable safe-haven asset, Bitcoin can provide long-term savings or even contribute to retirement.
The idea of gifting digital currency seems to be becoming especially popular this year, as the asset gains territory as an inflation hedge. An recent survey de BlockFi found that one out of ten Americans would be willing to receive or give Bitcoin as a gift this Christmas . Nick Edwards, a health care salesman from Indianapolis, is one of this list.
In a recent interview with NBC News Edwards rated Bitcoin as the best possible gift in today’s times and claimed that he plans to hand out USD $1,000 worth of cryptocurrencies to friends and family this holiday season. The media outlet quoted him as saying:
I’ve always taken pride in giving gifts, not just a standard Amazon or Best Buy gift card. What’s the best gift I can give someone? And for me the only logical one is Bitcoin, because it’s the best valuable asset we have today.
The upward trend of the flagship cryptocurrency these past few years suggests that, in the long term, these values will continue to rise progressively. Many analysts and financial experts have agreed with this bullish forecast. Among them, the strategist at Bloomberg, Mike McGlone who believes that, because of the limited supply of Bitcoin The currency could reach an average price of USD $300,000 by 2024 as investors prefer it over gold as a store of value.
Obsequiar Bitcoin esta navidad
There are several ways to give cryptocurrencies as a gift. If the person to be gifted does not have a cryptocurrency wallet a place where cryptocurrency users can store, send and receive digital assets. to which we can send the funds, a simple option can be through a paper wallet. Also, for those who wish to gift cryptocurrency in a more elegant way, they can choose to do it through a hardware wallet, such as Trezor o Ledger a record of financial transactions that cannot be changed, only appended with new transactions. .
On the other hand, there are also services that specialize in this type of initiative. One example is Bit4coin a platform a place to buy, sell and store cryptocurrency to give as a gift gift cards de Bitcoin . In addition, some trading platforms also offer the option to send or give away bitcoins to other users. For example, PayPal and exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Coinbase is an American company that operates a cryptocurrency exchange platform. have these options, and most recently Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. App y Robinhood also added the feature. These platforms not only allow you to give away Bitcoin but also other cryptos, as well as shares of the stock exchange.
In terms of long-term returns, there are many options among digital assets that can prove to be beneficial gifts. Some of the major cryptocurrencies on the market, such as Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), have also shown significant growth in recent years.
Meanwhile, for those who love art and technology, a perfect gift could be an NFT. They’re cute, they’re trendy and they’re also proving to be very lucrative investment alternatives, with the potential to grow even more in the future.
If you want to learn more about cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. gifts we recommend these Christmas specials from previous years:
» Do you want to give cryptocurrencies as a gift this Christmas? Recommendations
» 6 cryptocurrency options for Christmas gifts
- How much would the first $1,200 stimulus check be worth if it had been invested in different cryptos?
- Over 90% of respondents would rather win Bitcoin than a Lamborghini, why?
- Basque teenager asked for cryptocurrencies as birthday and Christmas presents
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
