Cryptocurrencies and Fortnite ‘V-Bucks’ Preferred as Holiday Gifts by Teens

According to the “Holiday 2018” consumer report, released by investment bank and asset management firm Piper Jaffray, Teenagers in the United States prefer cryptocurrencies like XRP, Bitcoin, and the in-game currency Fortnite ‘V-Bucks’ over traditional holiday gifts that include gift cards and fiat money.

The interest seems to remain, despite the crypto market’s slump this year, that saw most cryptocurrencies lose well over half of their value. Serial entrepreneurs, professional athletes, and other public figures, however are not phased and too remain bullish on cryptocurrency.

As for Fortnite’s V-bucks, the in-game currency is used by players to purchase items and “skins” for their characters, as well as a “Battle Pass” that gives them access to specific challenges and more items. 1,000 V-bucks are sold for about $9.99.

Fortnite itself is a popular third-person shooter that in a short amount of time conquered millions of players throughout the world. The game’s creator, North Carolina-based Epic Games, recently raised $1.25 billion in a financing round that valued the firm at $15 billion.