Roses are red, violets are blue, flowers are overrated, does Mom want crypto from you?

If you’re struggling with what to get your mom for Mother’s Day, a gift of cryptocurrency is an option.

Here’s a look back at the historical returns of several cryptocurrencies on Mother’s Day last year.

What Happened: The approval of Bitcoin ETFs by the SEC earlier this year has brought more attention to the cryptocurrency sector and led to rebounding prices.

This means that, if you bought you mom crypto for Mother’s Day last year, she might be extra happy to see you this year.

Certainly, flowers and a card are always a thoughtful option for Mother’s Day and offer a more stable gift choice compared to the periods of high volatility often seen in the cryptocurrency market.

Mother’s Day was designated an official holiday by President Woodrow Wilson in 1914 and is celebrated on the second Sunday of May. Last year, Mother’s Day was celebrated on May 14, 2023. Here’s a look at how an investment and gift in three leading cryptocurrencies at that time would be worth now.

Related Link: Mother’s Day 2024: Heartfelt Ways To Make Mom’s Day Special, No Matter The Distance

Investing $100 in Bitcoin, Dogecoin, Ethereum: Here’s how much a $100 investment in each of Bitcoin BTC/USD, Dogecoin DOGE/USD and Ethereum ETH/USD could have bought on May 14, 2023.

Bitcoin: 0.0037 BTC

Dogecoin: 1,377.75 DOGE

Ethereum: 0.0548 ETH

Investing $100 in each cryptocurrency last Mother’s Day would be worth the following based on prices at the time of writing:

Bitcoin: $226.33

Dogecoin: $199.60

Ethereum: $160.67

A $300 gift consisting of the three well-known cryptocurrencies would be worth $586.60 today, a gain of 95.5%.

Compare that return to a loss of 33.4% from Mother’s Day 2022 to Mother’s Day 2023 and a loss of 51% from Mother’s Day 2021 to Mother’s Day 2022.

Of course those who bought their moms cryptocurrency back on Mother’s Day 2020 would have a different story to tell.

A $100 investment each in Bitcoin, Dogecoin and Ethereum on Mother’s Day 2020 would have been able to buy the following amounts and now would be worth the following:

Bitcoin: 0.0104 BTC, $636.16

Dogecoin: 38,270.19 DOGE, $5,544.28

Ethereum: 0.4727 ETH, $1,385.89

The $300 investment or gift to mom on Mother’s Day 2020 would be worth $7,566.33 today and up 2,422.1%.

This article was previously published by Benzinga and has been updated.

Read Next: If You Invested $1,000 In Bitcoin When Donald Trump Said The Crypto’s Value Was ‘Based On Thin Air,’ Here’s How Much You’d Have Now

Photo: Shutterstock

“Rome wasn’t built in a day.” “All good things take time” and countless other sayings all refer to the same fact that patience is a virtue. And one of the key aspects of life, where the value of patience materializes, is in the domain of investing. Long-term investors often have time horizons of more than a decade, to watch the seeds of their investment grow into reward-bearing fruits.

But this basic truth of investing seems to be getting lost in today’s world of short attention spans and instant gratification.

Nowhere is this more prominent than in the risky (yet rewarding) world of crypto assets, where speculative trading overpowers fundamentals-based investing and drives up overall volatility across the asset class.

Most view crypto as a means of getting rich quickly and are on the lookout for the next BTC, ETH, SOL, or even DOGE and SHIB, with the promise of multi-bagger returns, and over-compressed timeframes.At the very core of this greed for quick exponential returns from crypto, is the difference in mentality of evaluating the asset with the lens of an investor vs a trader. The same user might have the “patience of an investor” when deploying capital in equities for the long term but would seek quick returns from his “trading bets” in crypto. This approach is being fuelled due to the lack of knowledge about the underlying fundamental value that a crypto asset might hold. Just like equities have various valuation models, even crypto assets can be valued based on novel metrics like using network fees as a proxy for cash flow. But most users continue to trade crypto like “penny stocks” and do not view it as an investment for long-term wealth creation.In fact, investing in crypto for a longer time horizon could be akin to early-stage venture investing, where the upside potential on investments can grow exponentially over time. Great examples would be Ethereum (in 2014) and Solana (in 2020), which had their public token launches at less than $1 and are currently trading above $3,000 and $140. The other approach is to let time do its magic because just like other asset classes, the power of compounding can create outsized returns and reward the patience of crypto investors. There’s a term for this amongst Crypto Natives: HODL or Hold On for Dear Life. The idea is that if you have taken a high conviction position in a fundamentally strong project and continue to hold that position over periods of high price volatility, you will be rewarded with exponential gains.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

A recent report by CEOWORLD magazine has ranked countries based on their cryptocurrency ownership rates. The study found that the United Arab Emirates (UAE) has the highest percentage of its population who own crypto, with almost 30.39% of the UAE’s total population owning crypto. This is largely due to the country’s favorable regulations towards blockchain technology, and the use of cryptocurrency is legal. Vietnam ranks second-highest among countries with the highest cryptocurrency ownership, with almost 21.19% of the total population owning crypto. The rapid digitization of the economy in Vietnam is responsible for the surge in crypto ownership across the country.

It is worth noting that if we were to rank countries based on the number of people who own cryptocurrency, India would come in first place with 93 million crypto owners, followed by China with 59 million, and the US with 52 million crypto owners coming in third place.

Countries with the Highest Cryptocurrency Ownership, 2024

Rank	Country	Population	Ownership	Ownership Percentage
1	United Arab Emirates	9,516,871	2,892,107	30.39
2	Vietnam	98,858,950	20,945,706	21.19
3	United States	339,996,563	52,888,108	15.56
4	Iran	89,172,767	12,000,000	13.46
5	Philippines	117,337,368	15,761,549	13.43
6	Brazil	216,422,446	25,955,176	11.99
7	Saudi Arabia	36,947,025	4,201,789	11.37
8	Singapore	6,014,723	664,627	11.05
9	Ukraine	36,744,634	3,885,037	10.57
10	Venezuela	28,838,499	2,970,365	10.3
11	South Africa	60,414,495	6,041,450	10
12	El Salvador	6,364,943	636,494	10
13	Argentina	45,773,884	4,451,944	9.73
14	Thailand	71,801,279	6,902,630	9.61
15	Canada	38,781,291	2,714,177	7
16	Pakistan	240,485,658	15,879,216	6.6
17	India	1,428,627,663	93,537,015	6.55
18	Mexico	128,455,567	8,409,115	6.55
19	Russia	144,444,359	8,749,780	6.06
20	Nigeria	223,804,632	13,261,259	5.93
21	Germany	83,294,633	4,814,430	5.78
22	United Kingdom	67,736,802	3,888,092	5.74
23	Turkey	85,816,199	4,825,626	5.62
24	Kenya	55,100,586	2,796,738	5.08
25	Morocco	37,840,044	1,921,753	5.08
26	Colombia	52,085,168	2,582,764	4.96
27	France	64,756,584	3,056,511	4.72
28	Nepal	30,896,590	1,410,342	4.56
29	Indonesia	277,534,122	12,205,132	4.4
30	China	1,425,671,352	59,134,683	4.15
31	Japan	123,294,513	5,096,970	4.13
32	South Korea	51,784,059	2,120,185	4.09
33	Ecuador	18,190,484	695,148	3.82
34	Cambodia	16,944,826	582,232	3.44
35	Spain	47,519,628	1,452,158	3.06
36	Egypt	112,716,598	3,423,723	3.04
37	Belarus	9,498,238	285,325	3
38	Malaysia	34,308,525	1,011,146	2.95
39	Poland	41,026,067	1,200,394	2.93
40	Netherlands	17,618,299	489,182	2.78
41	Australia	26,439,111	726,241	2.75
42	Portugal	10,247,605	276,185	2.7
43	Peru	34,352,719	881,811	2.57
44	Bangladesh	172,954,319	4,318,791	2.5
45	Italy	58,870,762	1,469,892	2.5
46	Lebanon	5,353,930	132,845	2.48
47	Hong Kong	7,491,609	180,991	2.42
48	Tanzania	67,438,106	1,621,947	2.41
49	Georgia	3,728,282	89,055	2.39
50	Taiwan	23,923,276	567,594	2.37
51	Palestine	5,371,230	126,293	2.35
52	Honduras	10,593,798	241,679	2.28
53	Bulgaria	6,687,717	150,302	2.25
54	Algeria	45,606,480	1,022,874	2.24
55	Ghana	34,121,985	759,162	2.22
56	Seychelles	107,660	2,347	2.18
57	Chile	19,629,590	421,831	2.15
58	Dominican Republic	11,332,972	243,632	2.15
59	Moldova	3,435,931	72,498	2.11
60	Tunisia	12,458,223	257,623	2.07
61	Jamaica	2,825,544	58,011	2.05
62	Bolivia	12,388,571	252,801	2.04
63	Switzerland	8,796,669	177,525	2.02
64	Somalia	18,143,378	351,706	1.94
65	Czech Republic	10,495,295	200,955	1.91
66	Sri Lanka	21,893,579	416,339	1.9
67	Iraq	45,504,560	845,138	1.86
68	Mozambique	33,897,354	630,991	1.86
69	Ivory Coast	28,873,034	537,819	1.86
70	Serbia	7,149,077	131,775	1.84
71	Ethiopia	126,527,060	2,259,197	1.79
72	Belize	410,825	7,366	1.79
73	Costa Rica	5,212,173	92,614	1.78
74	Kazakhstan	19,606,633	341,971	1.74
75	Armenia	2,777,970	48,266	1.74
76	DR Congo	102,262,808	1,758,920	1.72
77	Kyrgyzstan	6,735,347	115,621	1.72
78	Cameroon	28,647,293	481,930	1.68
79	Romania	19,892,812	333,758	1.68
80	Bahamas	412,623	6,638	1.61
81	Sweden	10,612,086	170,092	1.6
82	Jordan	11,337,052	178,935	1.58
83	Estonia	1,322,765	20,564	1.55
84	Greece	10,341,277	157,757	1.53
85	Myanmar	54,577,997	806,426	1.48
86	Rwanda	14,094,683	208,229	1.48
87	Slovakia	5,795,199	85,537	1.48
88	Uzbekistan	35,163,944	512,332	1.46
89	Guatemala	18,092,026	263,422	1.46
90	Belgium	11,686,140	168,588	1.44
91	Mongolia	3,447,157	49,553	1.44
92	Zimbabwe	16,665,409	238,138	1.43
93	Finland	5,545,475	77,263	1.39
94	Laos	7,633,779	105,579	1.38
95	Barbados	281,995	3,856	1.37
96	Uruguay	3,423,108	46,251	1.35
97	Albania	2,832,439	38,109	1.35
98	Austria	8,958,960	120,181	1.34
99	Hungary	10,156,239	134,603	1.33
100	Panama	4,468,087	59,505	1.33
101	Senegal	17,763,163	230,279	1.3
102	Benin	13,712,828	178,470	1.3
103	Latvia	1,830,211	23,797	1.3
104	New Zealand	5,228,100	67,275	1.29
105	Mali	23,293,698	293,819	1.26
106	Croatia	4,008,617	50,520	1.26
107	Togo	9,053,799	113,348	1.25
108	Israel	9,174,520	113,814	1.24
109	Nicaragua	7,046,310	87,095	1.24
110	Paraguay	6,861,524	85,078	1.24
111	Mauritius	1,300,557	16,082	1.24
112	Lithuania	2,718,352	33,462	1.23
113	Cyprus	1,260,138	15,415	1.22
114	North Macedonia	2,085,679	25,111	1.2
115	Uganda	48,582,334	578,284	1.19
116	Denmark	5,910,913	70,605	1.19
117	Madagascar	30,325,732	356,559	1.18
118	Azerbaijan	10,412,651	121,397	1.17
119	Norway	5,474,360	63,735	1.16
120	Slovenia	2,119,675	24,498	1.16
121	Montenegro	626,485	7,239	1.16
122	Bosnia and Herzegovina	3,210,847	36,202	1.13
123	Ireland	5,056,935	56,166	1.11
124	Saint Lucia	180,251	2,002	1.11
125	Zambia	20,569,737	220,509	1.07
126	Trinidad and Tobago	1,534,937	16,467	1.07
127	Angola	36,684,202	381,696	1.04
128	Namibia	2,604,172	26,961	1.04
129	Botswana	2,675,352	27,457	1.03
130	Malta	535,064	5,504	1.03
131	Maldives	521,021	5,353	1.03
132	Luxembourg	654,768	6,484	0.99
133	Suriname	623,236	6,170	0.99
134	Fiji	936,375	9,082	0.97
135	Iceland	375,318	3,626	0.97
136	Burkina Faso	23,251,485	223,201	0.96
137	Haiti	11,724,763	111,385	0.95
138	Tajikistan	10,143,543	95,902	0.95
139	Republic of the Congo	6,106,869	58,015	0.95
140	Libya	6,888,388	64,863	0.94
141	Gabon	2,436,566	22,528	0.92
142	Bahrain	1,485,509	13,536	0.91
143	Afghanistan	42,239,854	381,110	0.9
144	Malawi	20,931,751	187,835	0.9
145	Qatar	2,716,391	24,557	0.9
146	Guyana	813,834	7,127	0.88
147	Brunei	452,524	3,892	0.86

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