Why your kids want cryptos for Christmas
In 1975, the most popular children’s toy was ‘The Pet Rock’.
There was no false advertising to speak of when it came to this toy. It was literally a smooth rock housed in a box with the label: ‘genuine pedigreed pet rock’. Its selling point was that it was the perfect pet — it required no maintenance, and best of all, there was no chance of accidentally killing it.
It sounds ridiculous to us now. But nonetheless, in 1975, that rock was all the rage. And the genius behind the idea, Gary Dahl, died a multi-millionaire.
Come 1980, the most popular toy was the Rubix Cube. In 1987, it was Jenga. And in 1993, the Talkboy (the portable cassette player/recorder popularised by Kevin McCallister in Home Alone 2) was flying off shelves.
As the years went on, and technology began to advance, so too did the toys. Soon enough we had the Tamagotchi in 1997, Tekno the robotic puppy in 2000, and the Xbox 360 in 2005.
But the kids of today aren’t as impressed by barking robot dogs, cassette players or even cash.
Because according to the consumer report released by investment bank Piper Jaffray this week, virtual currencies have overtaken cash and gift cards as the preferred Christmas gift.
Teenagers are now asking for cryptocurrency or ‘V-bucks’ — the virtual currency used in the popular video game Fortnite — instead of more traditional holiday gifts.
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