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One of the annual traditions of Christmas for most families is the giving and receiving of gifts. While popular gift items include toys, clothes, gift cards, and money, another option is to give a gift of cryptocurrency.
Here's a look back at how much a gift of cryptocurrency for Christmas in 2022 would be worth today.
What Happened: Just like Mother's Day, Christmas is a holiday that could see the selection of gifts for loved ones in your family.
Giving cryptocurrency as a gift at Christmas 2022 may not have been a popular choice for gift-givers or for those receiving gifts as the year was full of negative headlines.
The year 2022 saw several cryptocurrency platforms go bankrupt and all the major cryptocurrencies traded down during the year.
In 2023, cryptocurrencies have turned around with many of the largest cryptos outperforming the top stocks and overall broad stock market.
Here's a look back at how much three major cryptocurrencies given as gifts for Christmas 2022 would be worth today.
Related Link: Tim Draper Says Yes to Bitcoin For The Holidays, Anticipates $250,000 BTC In 2024
Investing $100 in Bitcoin, Dogecoin, Ethereum: A popular gift amount may have been giving $100 in cryptocurrency to a loved one on Christmas Day 2022. Here's a look at how much one could have bought of Bitcoin BTC/USD , Dogecoin DOGE/USD and Ethereum ETH/USD based on the intraday high on Dec. 25, 2022.
A $300 gift consisting of the three top cryptocurrencies would be worth $559.61 today, an increase of 86.5%.
Family members would likely welcome the return of any of these three cryptocurrencies over the last year.
For comparison, a $100 investment in the SPDR S&P 500 ETF Trust SPY , which tracks the S&P 500 Index, would be worth $123.72 today. This represents a return of 23.7%.
The holidays would likely be happier for loved ones who got cryptocurrency as a gift last year than many clothes, gift cards, cash, or stocks.
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