Forget roses – a bouquet of Bitcoin may be what your love interest is eyeing up this Valentine’s Day.
While the flowers you gifted on February 14th 2020 had decayed into nothingness a year later, one Bitcoin would have blossomed into $47,945 (though admittedly the initial cost of $10,312 would have been a little higher).
But sadly, just like a romantic partner, we all know the crypto market can be fickle; a Valentine’s Bitcoin purchased in 2021 is looking like it will be down slightly in value in 2022.
So, is crypto a popular gift on the day of love?
Bankless Times pulled together data from the last five years from Coinmarkethub.com to see whether cryptocurrencies get a value boost on Feb 14th.
Bitcoin has ended Valentine’s Day up in value in four out of the last five years (the year it didn’t, 2019, came after a major price crash in November 2018, so maybe it didn’t seem like an appropriate gift).
When we looked at two altcoins that have been around for a long time, Ethereum and Litecoin, the link was slightly less strong. Both rose on Valentine’s Day in three of the last five years, which were the same for both – 2019 and 2021.
Time will tell whether the coins will be lucky in love in 2022.
Perhaps the rise of more crypto assets has made the humble Bitcoin passé. After all, what says ‘I love you’ better than a wallet stuffed with Dogecoin, or a Bored Ape NFT?
