Gifting bitcoin, Will it one day become the new normal?

Now that the main event of Xmas is out of the way for most people, we want to know if you got any bitcoin this Christmas!

It might be a strange present but maybe that’s what makes it so interesting.

It’s becoming a yearly tradition at this point, but I’m sure our readers will have asked for a whole bunch of stuff this Christmas but did anyone have the guts to be cheeky enough to persuade their friends/family for some bitcoin? 

Of course, this year has been strange in many ways so maybe bitcoin being a present isn’t the oddest of things to have happened in 2020!

As we reiterate time again on CryptoDaily, investing in crypto is risky. 

Buying Bitcoin is such a gamble. As a result of the volatility, you could purchase a gift for somebody in Bitcoin that could be worth x amount at the time of purchase, but it could have lost 50 percent of its value by the time you actually give them the gift! Suddenly, your gift is not what you thought it was, but does this make it worse? 

Alternatively, your gift could increase in value by 50 percent. What happens now? Do you still give the full amount, or do you take the profit on the premise that you only wanted to give a set amount in the first place? It’s a bit of a minefield of ethical and moral judgments, isn’t it?

As always, it is worth saying that we aren’t financial advisors and this is not financial advice. Please do your own research before investing in a cryptocurrency.

Enjoy the rest of your boxing day!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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