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June 18, 2023 8:51 AM | 1 min read

If youre struggling with what to get your dad for Fathers Day, a gift of cryptocurrency is an option. Heres a look at whether a gift of crypto on Fathers Day last year would have been a good investment.

What Happened: Fathers Day is celebrated on the third Sunday in June. The holiday was inspired by Mothers Day, which got its start years earlier.

Fathers Day was first celebrated in 1910but didnt become an official holiday until 1966. The holiday was recognized by President Woodrow Wilson in 1916. President Calvin Coolidge also encouraged states to observe the holiday in 1924.

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In 1966, President Lyndon B. Johnson made Fathers Day an official holiday.

Last year, Fathers Day was celebrated on June 19, 2022. Heres a look at how a $100investment in each of thethree leading cryptocurrencies at that time would be worth now.

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Related Link: How To Buy Cryptocurrencies

Investing $100 Each IntoBitcoin, Dogecoin, Ethereum: Heres how much Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH)could have been bought at theirhighs on June 19, 2022.

Bitcoin: 0.0048

Dogecoin: 1,600.72

Ethereum: 0.0875

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

Bitcoin: $127.21, +27.2%

Dogecoin: $99.56, Flat

Ethereum: $151.21, +51.2%

A $300 gift consisting of the top three cryptocurrencies would be worth $377.98 today, an increase of 26.0%.

While the cryptocurrency market has been extremely volatile in recent years, investments in three of the most well-known cryptocurrencies would have generated a positive return sincelast Fathers Day.

Read Next: Celebrate Father's Day With The Latest Cannabis Products, Extracts, Vapes, Beverages & More

Photo: Shutterstock

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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If You Bought Your Dad $100 In Bitcoin, Dogecoin And Ethereum Last Father's Day, Here's How Much He'd Hav - Benzinga