Back in 2010, my Gran bought me a goat for Christmas. No kidding. I was feeling slightly underwhelmed until a friend of mine noted that her grandmother had sent her a cat calendar as a gift the previous year. Suddenly, I felt a little better about the goat.
Let’s face it, Christmas is a minefield of gift conundrums. It’s a perilous trip into the world of absolutely useless items – purchased, given, and swiftly forgotten about, all in the name of festive cheer (and 30 seconds of mild amusement). And let’s not forget the inevitable trip to the dump a few days later, armed with a battery of unwanted gifts. Turns out the local landfill is the true Christmas winner.
So, back to that goat... confession time; there wasn’t a real goat waiting for me under the Christmas tree, munching on the mistletoe. Gran had actually given me an Oxfam card. The card explained she’d bought a goat on my behalf, which would be gifted to a family in need in Vanuatu – and that I was helping change lives.
Once I’d got over the initial surprise of being given a goat for Christmas, the idea that I was ‘changing lives’ felt damn good. Well, as long as I ignored the minor ethical and environmental implications (here’s looking at you, animal rights issues and impending natural disaster due to the planet’s alarming surplus of goats).
There is, of course, a gift-giving alternative that can radically change lives without unwittingly contributing to a global natural environmental disaster.
And that, my friends, is the gift of crypto.
Crypto is a Christmas gift with the power to change lives.
If only my Gran had known about Bitcoin in 2010. If she’d given me $49 in Bitcoin that Christmas, instead of a goat, those coins would be worth about USD$105,000,000 today. Not to sound ungrateful and uncharitable (sorry, Granny!) but $49 of bitcoin would have been absolutely life-changing for me.
Bitcoin (like goats) doesn’t need to be gift-wrapped. And (also like goats) you can buy it online – saving you losing your mind in the Christmas crowds against a velvety soundtrack of Michael Bublé’s ‘It’s Beginning to Look a Lot Like Christmas’.
But seriously, let’s cut the Christmas wrap and get down to brass tacks. Here are the real reasons why purchasing crypto for your loved ones might just be the best Christmas present you could ever give.
Crypto is here to stay, and the best time to buy it was yesterday.
It’s hard to believe that just a few short years ago, crypto was virtually unheard of. Today, Bitcoin is the most popular financial asset in the world. It’s broken records, piqued the interest of the world’s top minds, attracted venture capital investment, and captured the attention of every major media outlet there is.
‘Oh,’ I hear you say… ‘But crypto is so speculative and volatile.’
Here’s a pro tip. Anything you can buy into at ground level always comes with a risk. But nobody ever got rich by waiting for a concept to prove itself, then buying at the top of the market. That’s why the time to buy is when an asset with monumental potential is in the early stages. For crypto assets, that time is now.
How do crypto assets stack up against traditional assets?
Let’s look at the traditional alternatives to cryptocurrency that exist right now. There are stocks, shares, property, and the lottery (yep, for millions of people around the world, the lottery is still considered a legitimate investment strategy).
As for the current economic climate? Thanks to a little thing called COVID-19, the global financial markets are in turmoil. As I write this (in November 2020) Big Tech meltdowns and rising virus cases have led the S&P 500 to their worst week since March 2020.
Meanwhile, property has also taken a dip, and economists and market analysts expect a decline in prices to continue for at least a year or two. And lottery tickets? To the surprise of absolutely no one, they still have the worst ROI of all. All things considered, traditional assets are looking more than a little bit challenged.
The reality is, as risky as experimental open-source blockchain technology might sound, if you’d bought Bitcoin for the last 5 years you’d have seen a 24,000% return on investment. If you’d put that money in tech stocks instead, you might be lucky to get a return of 100%.
Bitcoin is a finite resource.
It’s important to point out that, in the case of Bitcoin, there are only ever going to be 21million in existence. At least 4million Bitcoin are thought to be lost, which leaves 16-17million in circulation. So that means Bitcoin is limited. Scarce, in fact. Unlike fiat currency, which you can just print at random (which has been happening this year to an almost obscene degree).
But Bitcoin, on the other hand? There will only ever be 21million — end of story. This means, if it becomes a leader in global payments, it could be worth many trillions. And that makes it extremely valuable indeed.
Crypto acceptance is going well and truly mainstream.
Governments, banks, and institutions are finally getting with the program and starting to throw their weight behind crypto. Governments and regulators like the US SEC are starting to clearly state their crypto expectations, and they’re very serious about bringing clarity to the space.
This major shift in attitude – from denouncing all cryptocurrencies as the devil’s work to stating that they’re ready to get behind genuine crypto – is bringing composure to the industry, and encouraging mainstream adoption.
To be honest, the turn-around has been nothing short of miraculous. Financial institutions and banks have flipped the script, woken up, and are adopting crypto in droves. So dump the goat for Christmas this year, and you might just end up flying to the moon instead. Just sayin’.
Big institutions are making their move.
The fact that large financial institutions have finally entered the fray is probably the most significant indicator for a new crypto boom. Some of the world’s biggest names in finance are romping ahead in developing crypto products. Goldman Sachs, Fidelity, Blackrock, Grayscale Investments, Ark Invest, Horizon Kinetic, Rothschild Investment Corporation, and Addison capital, have all announced their entry into the crypto asset space. They’re all taking big bets on crypto, and they’re all winning.
Frankly, everyone now wants to get into this space. As Bitcoin’s market cap has soared to 300billion this year, many other financial services providers and companies have hopped on the bandwagon. That includes big fish like PayPal, Visa, Square, Microsoft, the Nasdaq, Overstock, and the list just goes on and on.
Christmas is coming, and crypto is this year’s hottest gift.
OK, so back to Christmas. What do you get the person who has everything? I’ll tell you right now – goats, socks, and cookbooks don’t come close to the unique possibilities of gifting even a small amount of cryptocurrency.
Not only will it earn you a rep as the cool, savvy, outside-the-square uncle/mother/boyfriend – but it also means you’re giving a gift that can truly keep on giving. Of course, it’s impossible to predict price changes around crypto. But what if you gave a gift that could grow in value ten times over? That’s one stocking stuffer that’ll get the Christmas dinner conversation flowing.
The best cryptocurrencies to gift this Christmas.
So, what cryptocurrencies should you consider buying your loved ones for Christmas? While there are over 1500 coins listed in the market today, the major coins – like Bitcoin, Litecoin, and Ethereum – are still a staple for new buyers.
There are also some exciting new kids on the cryptocurrency block, like the DACXI coin. Given the huge strides being taken by the industry, the value of these coins will remain largely stable and subject to gradual appreciation.
Dacxi have made it easy to give crypto for Christmas.
Now that you know the benefits of buying crypto for Christmas, you might be wondering how to actually go about it. For beginners without much technical know-how, buying cryptocurrency can seem like a daunting task. But it doesn’t have to be.
Dacxi Bundles are a simple and convenient way for newbies to buy digital assets, either for themselves or their loved ones. Dacxi has even developed a special gifting feature that you can access from your dashboard. So you can easily buy crypto and digital precious metals for your friends and family, and help them kick-start their crypto journey. Gifting is a brand new feature and will be available this week on the Dacxi Exchange. Just in time for the silly season.
So, what are Dacxi Bundles exactly?
They’re a diversified portfolio of some of the world’s most trusted cryptocurrencies, designed to minimize risks for new buyers.
For example, when you buy a Dacxi Blue Chip Bundle, you take a stake in four major cryptocurrencies — Bitcoin, Litecoin, Ethereum, and DACXI Coin (which is the official coin of the Dacxi economy). With zero transaction fees and enhanced security protocols, you really can’t go wrong with a Dacxi Bundle. And as an extra little bonus, the giftee will also get access to the Dacxi community – a whole network, geared towards embracing crypto newcomers and empowering users to build their future wealth.
Make Christmas 2020 one to remember, with crypto.
Whether you’re giving crypto to a friend, family member, or just treating yourself, the best time to do it was 10 years ago.
But the next best time is right now.
A bundle of the world’s top crypto assets might just make the perfect Christmas gift. And with innovations like the Dacxi Bundles and gifting feature at your fingertips, giving the gift of crypto is an absolute doozy. Best of all? There won’t be a goat in sight!
This year, give the landfill (and the goats) a miss – and have yourself a very merry crypto Christmas.
To find out more about building your wealth by investing in crypto, visit the Dacxi website here.