Bitcoin remains supreme over other cryptocurrencies, making it a perfect choice for those looking for ways to surprise their loved ones. Essentially, Bitcoin is not only about investing, trading, and charts. It’s also about giving and showing love.
A Bitcoin gift can help you make a loved one feel treasured and appreciated. And you can gift someone Bitcoins on their birthday or holiday. You can also use Bitcoin as a gift to congratulate somebody on their achievement.
Crypto trading platform like Yuan Pay Group App make buying and giving Bitcoin easier. Perhaps, Bitcoin stands out as a gift because of its potential to increase value over time. However, it could also lose its worth due to its volatility. Therefore, the recipient should understand how Bitcoin works, its characteristics like volatility, and how to use it.
Despite its volatility, Bitcoin remains a good gift. Here are reasons to consider gifting a loved one Bitcoin this year.
Bitcoin is an Investment
Every investment has risks, meaning you shouldn’t avoid Bitcoin due to its volatility. At the same time, volatility can lead to a significant price increase after gifting your loved one this cryptocurrency.
Therefore, you could stretch a family member’s or friend’s dollar if you gift them this crypto asset and its value increases. And this can happen even within weeks or months. Perhaps, giving a loved one Bitcoin can also be an ideal way to introduce them to the crypto investment world.
The first step might be the hardest. However, if you spend your fund on investment under their name, they will experiment and understand the crypto market better. But you can educate them about Bitcoin and the crypto market if possible.
Bitcoin Provides Controlled Volatility
That’s right! Almost every currency is volatile in varying degrees. However, if you send somebody cash as a gift in a traditional currency, you limit yourself to the recipient’s country of residence.
Although this may be a minor issue, conventional currencies are highly volatile in some areas. Consequently, the gift might lose considerable value within a short time. On the other hand, Bitcoin allows you relative control over its volatility.
For example, you can advise the recipient to hold Bitcoin in their crypto wallet, waiting for the value to increase to sell their tokens for profits. While Bitcoin’s value has fluctuated wildly over the years, it has also increased, allowing crypto holders to profit from their sales.
Bitcoin Facilitates Easy Online Shopping
Bitcoin is gradually becoming an acceptable payment method for online retailers. So, if the person you want to gift Bitcoins loves shopping, they can use this virtual currency to buy games, clothes, trinkets, and gadgets online. Paying with Bitcoin will enable your loved one to avoid hefty fees when shopping online.
What’s more, Bitcoin will allow your loved one to shop on different websites without paying currency exchange fees. Thus, your recipient could save money by shopping online with Bitcoin.
Bitcoin Is Better than Cash
Most people prefer allowing their loved ones to choose their gifts, mainly when away and worried about choosing something they won’t like. A prepaid gift card or cash provides an ideal way to help a family or friend get what they desire without overstretching their wallet. However, Bitcoin can be an excellent gift instead of sending your loved one cash or requesting their Venmo or PayPal accounts.
What’s more, if the recipient is already investing in Bitcoin, your gift will be perfect. Nevertheless, they should understand cryptocurrencies’ volatility to decide when to sell or whether to hold their tokens.
Parting Shot
You have several reasons to send someone Bitcoins as a gift. However, you require efforts to select the best platform to purchase Bitcoin and ensure that your loved one knows about this virtual currency.
