Crypto Investing
27 Jan 2021

3 Reasons Why Cryptocurrencies Could Be The Best Gift

Nisha Ramesh

When it comes to festivals and birthdays, gifting has been a longstanding tradition. We want to give gifts and surprises to our loved ones to make them feel special on occasion. Personally, I love gifting too, well, who doesn’t, right?

But, presents, if not useful, can be just some wasted cash and damage to the environment. 

Think about it, giving your friend a greeting card or a bouquet on their birthday may make them happy for that moment. What happens later?

The card is thrown into some corner in their shelves, and the bouquet is tossed away in a week. 

I have been and will always be an advocate of gifting things that are useful to people. And lately, I have found the one gift that can add value to anyone who owns it.

Yes, I am talking about cryptocurrencies. 

Why Cryptocurrencies Could Be The Best Gift?

No matter how efficient we become, there are always two things we want more of: Time and Money.

So, by gifting cryptocurrencies, I save more time that would be spent on picking gifts. At the same time, I also get to introduce the people I care about the future of money. 

Apart from the obvious, here are a few other reasons why cryptocurrency is the best gift. 

P.S: I am taking the example of Bitcoin when I talk about all other cryptocurrencies. Because it is the most popular cryptocurrency globally. 

1. A Rare Gift

Gift Giving is a rather effort oriented job. You may have to figure out what the other person likes or wants. Even if you plan on getting them something that will be useful to them, there is always this confusion of ‘what if someone else gifts them the same thing.’

By gifting Bitcoin, that confusion vanishes.

Let me tell you how:

Bitcoins are rare, and there are only about 18 million of them in circulation. Not everyone has Bitcoins, and more so, not everyone will gift Bitcoins.

Now, assuming that someone else is gifting them Bitcoins, it is still a great present. Again, due to its rare and scarce nature, the more Bitcoin, the more value-added. 

Also, by gifting Crypto, you will have the opportunity to introduce a new asset class whose performance has been remarkable in the past decade. 

Buy Crypto With Just Rs.100

2. Gift of Growth

Offering gifts to anyone in our tradition is liked to adding prosperity to their lives. We Indians gift gold to our near and dear ones during festive seasons to add to their wealth. 

Cryptocurrency is no different from gold in that case. Just like gold, Crypto is also scarce and rare because of its limited supply. 

Historical data suggests that cryptocurrencies, mainly Bitcoin, have grown millionfold since its inception. 

In the past year alone:

The value of Bitcoin has grown by ~334% with an average growth rate of ~90%. So, for instance, if you had gifted Bitcoin worth ₹1000 to someone at the beginning of 2020, the value of your gift would currently be ₹3,340 in INR terms. 

Thus, it is safe to say that a gift of cryptocurrency is a gift of wealth. 

3. Gift of the Future

A report from Deutsche Bank ‘Imagine 2030’ suggests that the current fiat money system is fragile. According to this global bank, over the next decade, a demand for alternative currencies from gold to Crypto could take off. 

In short:

Cryptocurrency may soon evolve to be the foundation of our future economy. 

Suppose I told you, you could time travel to the 1990s and buy Infosys stock; what would you do? I am confident that most of you would want to take the opportunity and buy a valuable stock when it was very cheap. Unfortunately, we have not invented time travel yet. 

However, I can tell you that the 2020s is for Crypto as the 1990s were for Infosys, i.e., the value of Crypto could skyrocket in the future. 

So, if you have the chance of gifting someone the future, then why not?

How To Gift Cryptocurrency to a Loved One?

There are plenty of ways in which you can gift cryptocurrency to someone. You can send an e-card with the seasons’ greetings; you can give them paper wallets or even choose to present hardware wallets.

These options may require some effort from your side. But, there is one unique way through which you can effortlessly present cryptocurrency to your friends and family – CoinSwitch Kuber Gift Card. 

With our gift card feature, you can 100+ different cryptocurrencies to anyone. It is as easy as transferring money through digital wallets. And also, you get to send a special message along with the card. How cool is that?

So, what are you waiting for? Download CoinSwitch Kuber, signup within few minutes, and you will be all set to gift rarity, growth, and the future to your loved one on their special occasion. 

Happy Gifting!

[su_note] KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing. [/su_note]

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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Nisha Ramesh

Content Writer

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