Despite Bitcoin ’s recent woes, a new report shows that younger Americans are still eager to see cryptocurrency under the tree this Christmas.

In a survey released Tuesday by Visa Inc ., 45 percent of Gen Z said they would be excited to receive cryptocurrency as a gift this year. This compares to only 28 percent of the wider pool of adults, but the preference among younger Americans, according to Visa, signals that crypto is "poised to transform U.S. holiday spending" in the years ahead.

Why It Matters

A multitrillion-dollar wipeout in the crypto market saw the flagship currency recently drop to its lowest level since April, and has rekindled questions around volatility and the value of an asset that has gained such traction in both the private and public sphere .

However, as

See Full Page