A group of 6,741 respondents was quizzed about resigning from a job due to crypto gains in October 2021. 4% of the respondents disclosed that they had quit their jobs at some point over the past year due to the financial freedom gained from investing in cryptocurrencies. 7% said they knew someone who had.
Mark Cuban, billionaire investor and owner of top NBA team Dallas Mavericks, who has been investing in NFT platforms, weighed in on the responses.
When asked why they chose to invest in crypto, 28% of the 17,699 people who responded to the question said it was more appealing as a long-term growth investment. 23% were in it for short-term gains, and 11% insisted it was a cushion against inflation. Meanwhile, 12% wanted independence from the government.
“Over half of the population (51%) views crypto to act, more or less, as a traditional stock,” according to Civic Science.
It was also revealed that younger investors are much more likely to hold onto crypto as a long-term investment. 60% of respondents were evenly split as either being wealthier than they were last year or at the same level of wealth.
Unsurprisingly though, investors with more wealth have fared much better than those with less to invest.
In conclusion, Civic Science opined that regulations may change the perceptions and usage of cryptocurrencies in the future “but as of now, the blockchain technology seems to have shedded off its anti-establishment roots, to be embraced by a diverse set of active stock traders and individuals with various levels of income.”
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Source: Cryptocurrency - investing.com
