Poll Says Crypto Is A Popular Christmas Gift For Americans – NFT Not So Much

Bitcoin, Dogecoin, and Ether top the list of the most popular cryptocurrencies that Americans want to give away for Christmas.

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Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) will become the gift of choice for US citizens, according to a new study by crypto lender BlockFi.

The “Real Converse: Happy HODLdays” survey conducted by BlockFi among more than 1,250 US citizens in October found that almost one in ten Americans would give their loved ones crypto as a holiday gift.

Bitcoin is the most popular gift with a large return (75%) for those who want to give or receive crypto as a Christmas present in 2021, followed by Dogecoin or Ether. On the other hand, unusable tokens (NFTs) still need time to be accepted as an alternative gift, as only 2% of respondents are interested in receiving them as a gift.

In addition, cryptocurrencies are likely to become a hot topic on the family table, as one in three respondents would rather talk about their popular digital assets than politics during the Christmas season, a survey showed. While boomers still enjoy talking about politics, Gen Z and Millennials plan to open the conversation in crypto.

The survey indicated a lack of knowledge about how to actually offer cryptocurrencies. Less than a quarter of respondents actually know how to send crypto as a gift to someone. This shows that crypto is becoming a popular topic, but education will benefit an even larger population, said BlockFi co-founder and SVP of Operations Flori Marquez.

Related: A quarter of Australian crypto users plan to buy Christmas gifts with crypto: survey

BlockFi also asked respondents about their New Year’s plans. A third of millennials plan to buy crypto by 2022, while the percentage for older generations will drop to 25%. Around 15% of respondents said they would buy NFT by 2022. It should be noted that the Gen-Zers born after 1997 prefer to buy Dogecoin rather than Ether.

A similar survey conducted by Crypto.com in Australia found that a quarter of Australian crypto users plan to buy crypto gifts for loved ones this Christmas.