What to Buy for Someone Hard to Buy For | Bitcoin a Unique 2023 Holiday Gift

2 min read

It’s that time of the year, my friend!

As we approach the holiday season, you might be looking for an unconventional yet potentially lucrative gift option. Have you considered Bitcoin (BTC)?

Since 2016, an annual investment of just $20 in Bitcoin has resulted in a significant return on investment. But keep in mind that the value of Bitcoin can be volatile, with highs and lows.

  • Currently, the crypto market is in a ‘Hope’ phase, meaning that there’s potential for recovery and increased investor belief.
  • In June 2024, the Bitcoin cycle is predicted to enter a ‘Belief’ phase, which could lead to rapid price increases.
  • However, in 2026, a ‘Red Year’ phase is expected, with an all-time high followed by a subsequent crash.

So while Bitcoin is a tempting gift option, please remember that investing in it is speculative.

Is Bitcoin a good Christmas present?

As the festive season approaches and the holiday shopping season is just around the corner, many are pondering the perfect Christmas gift for their loved ones.

Traditional gifts like gadgets, clothes, and jewelry remain popular options, but a more unconventional yet potentially rewarding option could be Bitcoin (BTC).

If one had allocated $20 each year from 2016 through 2022, the ROI would vary remarkably, with Bitcoin’s value at $38,341, on December 1, 2023. The 2016 investment, at $898.82 per Bitcoin, yielded a phenomenal 4165.70% ROI. 2017, with Bitcoin priced at $13,925.80, and 2022, at $16,847.76, delivered solid returns of 175.32% and 127.57% respectively.

The 839.24% ROI in 2018 stands out against Bitcoin’s price of $4,082.15. 2019, with Bitcoin at $7,264.71, saw a 427.77% gain, while 2020’s $23,729.19 Bitcoin price led to a 61.58% ROI. However, 2021’s investment, at a high of $50,768.77, incurred a 24.48% loss, underscoring Bitcoin’s volatility.

Bitcoin ROI on a $20 investment on December 24, 2016-2022. Source: Finbold

Bitcoin has returned to fair value

Considering BTC as a Christmas present this year might be a good idea as “we have left behind depression, and disbelief to enter the next stage: Hope,” according to renowned crypto investor CryptoCon.

“After a long period of despair, [BTC] price starts to show some signs of making a turnaround,” wrote CryptoCon on X.

Bitcoin’s protocol reduces the reward for mining new blocks by half approximately every four years, an event known as “halving.” This reduction in new supply tends to create upward pressure on the price as the rate of new Bitcoin entering the market slows down.

Following a halving, the reduced supply often leads to a bull market characterized by rising prices and increased investor interest. However, as prices rise, the market can become overextended, leading to a bear market where prices fall and investor sentiment becomes negative.

Halving Cycles Theory Sine Waves. Source: CryptoCon

Investors are currently in the ‘Hope’ phase of the cycle, according to the analyst. This means that people are starting to believe in Bitcoin again after long despair, and the price of Bitcoin has started to show signs of recovery, and it is now trading at fair value, he highlights.

The next phase of the cycle is ‘Belief’. This is when investors will start believing in Bitcoin, and the price will rise rapidly. This phase is expected to begin in June 2024 and last for about two years. The final phase of the cycle is ‘Red Year’ when the price of Bitcoin will reach its all-time high and then crash. This phase is expected to start in June 2026 and last for about one year, according to the expert.

If you’re considering gifting Bitcoin investment to a loved one for Christmas, it might be prudent to accompany it with a detailed card explaining the currency’s potential. Otherwise, they might regret purchasing pizza or Christmas sweets with your present.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

See source article HERE