Someone Gave You Crypto as a Gift … Now What?
One of the easiest and most popular options available for new crypto holders is to simply hold on to their gifted assets long-term – usually for a minimum of one year. Although cryptocurrencies are notoriously volatile, the values of legitimate cryptocurrencies often maintain an upward trajectory over time as an increasing number of people adopt them. So simply by doing nothing, you can potentially generate profit by holding on to some cryptocurrency. For instance, the price of bitcoin at the beginning of 2019 was $29,000, and by November, it had risen to an all-time high of $68,700.