Friday, July 1

Bitcoin, the favorite cryptocurrency to give a gift to a loved one at Christmas

Key facts:
  • Bitcoin is the preferred alternative, in part because it is less volatile and easier to send.

  • Ether and memecoins present volatility that can be risky for beginners.

When December rolls around, many people are on a mission to find the perfect gift to give their loved ones at Christmas. Moral and materialistic questions aside, options abound. Cryptocurrencies are gaining their place in more and more little trees around the world.

To learn more about the trends guiding “crypto gifts” for this holiday period, CriptoNoticias asked its followers on Twitter about their preferences to honor your family and friends. The options included bitcoin (BTC) and ether (ETH), the two most popular cryptocurrencies with the largest capitalization, and the memecoins that caused such a sensation in the year, such as dogecoin (DOGE) or shiba inu (SHIB).

As expected, the cryptocurrency devised by Satoshi Nakamoto in 2009, bitcoin, was the most chosen by the more than 600 people who participated in the survey. Specifically, 58.7% stated that they would choose that cryptocurrency as a gift for a loved one at Christmas.

Ether, meanwhile, had the approval of 25.6% of the participants, while the cryptocurrencies of the “little dogs” reached a 15.7% acceptance rate among the followers who completed the consultation.

Why is bitcoin imposed as a Christmas gift among cryptocurrencies?

When it comes to analyzing why bitcoin is the most popular option to give away at parties, there are several reasons already known in the ecosystem that can be listed.

The first is that It is the cryptocurrency with the most history and general acceptance. Investors support this theory, and that is why it is positioned as the cryptocurrency with the highest market capitalization today, according to CoinMarketCap data. At USD 863,715 million, bitcoin almost doubles the capitalization of ether, its most immediate follower in this regard.

For many, the capitalization of bitcoin and the increase in its price during the year – 58% at the close of this note – reduce the volatility of the cryptoasset. In this way, it becomes a “less risky” alternative to start in the world of cryptocurrencies.

As indicated by an index of Buy Bitcoin Worldwide, the volatility of bitcoin (in dollars) in the last 10 years is decreasing. In this way, it surpasses cryptocurrencies such as dogecoin, shiba inu and even ether, whose price has had greater variations in recent months.

Finally, in the comparison with ether, bitcoin also enjoys being “more practical” for sending funds. As CriptoNoticias has reported, the congestion in the Ethereum network causes very high commissions to be paid to validate transactions. When it comes to giving a small amount of money, this could be a real problem and would decrease the offering considerably.

Furthermore, to this it can be added that there are several methods to give bitcoin to a loved one, as explained in detail in this CriptoNoticias post.

In short, bitcoin appears as the preferred choice of many in the cryptocurrency community, and you can see why. In any case, everyone will have their tastes and will be able to choose with which method to “seduce” their acquaintances to enter the world of digital assets minutes after the Christmas toast.

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