Analysts estimate the share of Americans who quit jobs to invest in Bitcoin

Bitcoin investments have allowed some Americans to quit their jobs. This is evidenced by результаты опроса Civic Science, conducted among 6,741 respondents.

4% of respondents aged 18 and over left their permanent position to engage in cryptocurrency trading. Another 7% personally know people with similar stories.

In results from another survey of 1,201 respondents, the analysts found that the majority who quit their jobs for “financial freedom” were in the lowest-income group.

According to them, nearly two-thirds earned less than $50,000 a year: 27% earned less than $25,000, 37% were in the $25,000 to $50,000 range. 15% earned between $50,000 and $75,000, 13% between $75,000 and $150,000, and only 8% earned $150,000 or more.

«These data suggest that investments in cryptocurrencies could meaningfully alter the income levels of some people, while wealthier crypto holders use them more as another form of asset diversification rather than as a source of income», Civic Science said.

The third survey, conducted among 17,699 respondents, showed that 28% reinvested in digital assets for long-term profits. Another 23% were interested in short-term investments, 16% sought to use cryptocurrencies for “simple, fast and secure transactions.”

«In other words, more than half of the population (51%) view cryptocurrencies as traditional stocks», the analysts wrote.

The survey also showed that 11% of respondents used digital assets to hedge against a “weak economy,” 12% sought “independence from the government,” and 11% cited other reasons for buying cryptocurrencies.

The Civic Science conclusions invite a degree of skepticism, given that the analysts cited surveys conducted at different times among different numbers of respondents. The meaning of the term “financial freedom” in this context remains unclear, as Civic did not provide data on the amount of cryptocurrency earned by respondents.

Recall that in April, South Korean employers said that their workers aged 20 to 30 were distracted by monitoring the fluctuations in the price of Bitcoin or quit to devote themselves entirely to trading.

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