Gifting crypto this holiday season? What experts say to know first
Forget toys and collectibles, crypto might be a hot ticket item this holiday season.
In the U.S. 45% of Gen Z adults aged 18 to 28 said they would be excited to receive cryptocurrency as a holiday gift this year, according to a global survey of 1,000 adults conducted by payment technology company Visa in October.
How wise it is to gift crypto is a separate matter, and the expert advice varies.
Given how volatile and speculative cryptocurrencies are, they can be risky and are ill-advised if you’re looking to gift an asset that will grow in value, says Flavio Landivar, a certified financial planner and senior financial advisor at Evensky and Katz/Foldes Wealth Management in Coral Gables, Florida.
Unlike publicly traded stocks or…
