Some Americans quit jobs after profiting from cryptocurrencies

According to the latest aggregated data from the scientific research firm Civic, a number of Americans have quit their jobs in the past 12 months after making big bucks in crypto.

Some Americans quit their jobs after profiting from cryptocurrencies

4% of US citizens have quit their job in the past 12 months because they have made enough returns on crypto investments based on research by Civic. According to the data, the majority of those who quit are low-income earners earning less than $ 50,000 a year.

The survey shows that more than 7 percent of respondents know someone who quit their job after accumulating a lot of crypto.

Of the four percent who quit their jobs in the past 12 months, only 8 percent of those who earn more than $ 150,000 a year quit. Others make less than $ 50,000 a year.

More Americans are quitting their jobs in the future

Billionaire American businessman Mark Cuban shared the survey results, suggesting the numbers can only go up, especially on the rally most cryptocurrencies have ever seen.

Another strange revelation from research is that active or infrequent traders on the exchange were significantly more likely to have invested in digital assets.

Civic Science also asked who crypto investors are and who intends to participate in their research. The aim is to explain why they invest in cryptocurrencies. 28% responded that they “invest in long-term growth” while 23% said they expect short-term returns.

Other important reasons were “independence from government participation” with 12% and “precaution against unfavorable economic conditions” with 11% of the vote.

Ultimately, young people have shown more acceptance of bitcoin than altcoins. The market looks more promising for those under 35.

A separate survey by Bakkt, a cryptocurrency platform, shows that younger Americans are significantly more confident and invest in the digital asset market than older age groups.

According to the study, the majority of this group is the most active group working with digital assets. Almost 50% of them responded that they invested at least 1/4 of their portfolio in cryptocurrencies. In addition, 30% have bet 50% or more.

George Walper – President of the consulting firm Spectrem Group – explains why the younger generation finds the market so attractive:

“Young investors got in early, when it was still unknown to many. They were more intellectually preoccupied with the idea, even though it was new. “

Meanwhile, older and many aspiring investors are less knowledgeable so they cannot be sure whether or not the investment is legitimate.

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