Here’s How Much Your Mom Would Have Today If You Purchased $100 of Bitcoin, Dogecoin and Ethereum for Her on Mother’s Day Last Year
With Mother’s Day being celebrated on May 9 this year, many are struggling to find the perfect gift. One option is to gift cryptocurrency as a long-term investment. However, whether this would have been a good investment last year is debatable. In 2020, a $100 investment in Bitcoin, Dogecoin, and Ethereum for Mother’s Day would have cost $10.71, and it would have been worth $3,887.58 this year. However, in 2021, the same gift would have cost $6.28 and would be worth $199.79 now, a decline of 33.4%. Despite this, it shows an improvement over the 51% decline experienced between 2020 and 2021. If you still want to gift your mom cryptocurrency this year, you may want to consider one of the newer currencies, such as Safemoon, whose value has been rapidly increasing. Ultimately, the decision to gift cryptocurrency depends on your mother’s investment preferences, and it is always a good idea to consult investment advice before making any financial decisions.