Americans are quitting their jobs thanks to crypto investments
According to the recent study conducted by the Civic Science analytical company, profits from crypto investments have allowed some US citizens to quit low-paid jobs. The survey results have shown that 4% out of 6,741 surveyed quit their jobs after making money on investments in crypto assets.
Then analysts conducted another survey and found that almost two-thirds of those who quit their jobs thanks to crypto investments earned less than $ 50,000 per year. 27% of the respondents earned less than $25,000 a year, 37% received from $25,000 to $50,000, 15% between $50,000 and $75,000, 13% between $75,000 and $150,000, and the remaining 8% earned more than $150,000 per year.
Based on the results of surveys, Civic Science experts claim that investments in crypto assets have allowed some people to change their quality of life greatly. At the same time, wealthier US citizens use investments in cryptocurrencies as a form of asset diversification rather than the main source of income.
Another survey, in which 17,699 people have participated, has shown that 28% of surveyed reinvested in cryptocurrency in order to get a long-term profit. 23% of surveyed made short-term cryptocurrency investments, and 16% of them used digital currencies to make simple, fast and secure transactions. This summer it has transpired that the US authorities plan to control cryptocurrency transfers.
Civic Science analysts have concluded that more than half of the US population considers investments in cryptocurrencies as investments in usual stocks.
The survey also has shown that 11% of participants invested in crypto assets in order to insure against adverse economic situations, 12% wanted to gain independence from the government, and another 11% invested in cryptocurrencies for other reasons.