Bitcoin cryptocurrency. (Photo: Getty Images/TTXVN)
With inflation still high and the cost of living rising, many young people are turning to alternative forms of storing value. A Visa survey found that 28% of Americans would like to receive cryptocurrency as a gift, with Gen Z up to 45%.
The trend of online shopping is becoming more evident as young people prefer e-wallets, cross-border shopping and AI tools to help find deals, which are now used by nearly half of US consumers.
Payment technology group Visa sees this trend as a signal that cryptocurrencies could become part of holiday spending habits in the coming years, according to Newsweek.
The report comes as the crypto market has just recorded a sharp decline, when Bitcoin fell from nearly $125,000 in early October to below $82,000 on November 21, its lowest level since April. Ethereum lost about a third of its value and XRP fell nearly 30% from its October peak.
However, a survey conducted for Visa by market research firm Morning Consult, which surveyed 1,000 people between October 14 and 16, found that millennials’ optimism about digital assets has not waned. In addition to the desire to receive crypto gifts, 44% of Gen Z said they would be willing to use crypto for holiday shopping like Christmas.
According to the latest data from the US Bureau of Labor Statistics, consumer prices in the country increased 2.7% compared to the same period last year, while overall inflation in the past 12 months approached 3%.
Housing costs remained high, up 3.8% year-on-year.
A combination of rising living costs and digital habits appears to be pushing young shoppers toward alternative stores of value like Bitcoin, stablecoins, and other digital assets. Nearly 1 in 10 Americans believe stablecoins will be mainstream by 2030, and 28% expect their use to increase dramatically by 2035.
Source: https://vtv.vn/nhieu-nguoi-my-muon-nhan-tien-dien-tu-trong-mua-giang-sinh-100251208143047558.htm
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