The crazy rise of is certainly going to be the topic at holiday dinners this season. Forget giving out lotto ticket scratch-offs. This season you should be giving the gift of bitcoin.
No -- you don't need to buy an entire bitcoin, the price of which has fluctuated rapidly over the past several days from around $13,000 to $19,000 (it may even be way higher or lower by the time you read this!)
Instead, you can gift part -- a tiny fraction -- of a bitcoin. It can still be used where the currency is accepted, or your loved one can hang on to it just in case Bitcoin's rapid ascension continues.
Here's how to give the gift of bitcoin.
OK, now we're finally ready to gift some Bitcoin.
That's it. They'll receive a message like the one above, allowing your friend or family member to transfer the funds right into their Coinbase account.
Now, if you're with someone who has a Bitcoin account and knows what they're doing, you and that person can easily exchange money using QR codes...but that's not really "gifting" so much as transferring.
Here's where things get tricky. Bitcoin is not a stable investment. Mere moments after you buy bitcoin, it could be worth a lot less. That means if you buy $20 worth of bitcoin, it could actually be worth more like $18 by the time you end up sending it...or more. That's sort of the fun...and the danger...of giving bitcoin.
Maybe just write a check?