 | Would you stop working if you could live off the profits of crypto? In a survey of Americans, 4% of those surveyed responded that they stopped working because of profits gained from crypto. 1 in 25 quit Granted this question of the survey was completed by only 6741 respondents, so it is not completely representative. The results of the survey were shared on November 1 and Civic Science asked the questions in October, this month the bitcoin price reached a new all time high. Income Disparity Billionaire Mark Cuban thinks he can explain why: He says the majority of those 40% earn less than $50,000 a year (€43,000). 'Now we know why so many people are quitting low-paying jobs. And this was BEFORE the current run-up.' Broken down by income, 27% of the "quitters" were found to earn less than $25,000 a year from their regular jobs. But it's not just low-paying jobs where crypto gives financial freedom, as many as 37% of the 'quitters' earned $50,000 per year. Civil Science concludes: 'These data imply that crypto investing can be life-changing for some income levels, while wealthier crypto owners use it more as another form of asset diversification rather than as a source of income.' [link] [comments] |
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