Consumer intelligence provider Civic Science is revealing new research highlighting some of the US investors who’ve made it big with cryptocurrencies.
On November 1st, Civic Science posted research containing a series of surveys targeting crypto investors. Data was collected between April 27th and November 1st of this year.
According to the research, 4% of those surveyed said they quit their jobs after gaining financial freedom from crypto investing. Another 7% said they know someone who left their jobs thanks to crypto.
When measured by income, statistics show how those in the lowest income bracket make up a large portion of those quitting their jobs as a result of their crypto investments.
Civic Science suggests that while crypto has helped bring financial freedom to some, wealthier investors tend to use crypto as another form of asset diversification.
Despite the success some investors have had in the cryptocurrency markets, Civic Science also found that not all participants are profitable.
Billionaire investor Mark Cuban caught wind of the data and reacted on Twitter, highlighting that these gains took place before the recent run-up which pushed Bitcoin (BTC) to a new high of $67,276.
“Wow, 4% of people in the USA have quit their jobs because of crypto gains, and the vast majority made under 50k.
Now we know why so many people quit low-paying jobs. And this was BEFORE the current run-up.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Di Vanarte/Andy Chipus
