- There was a recent survey that was conducted by an analytics firm where it revealed that workers that get below-average pay are now getting significant gains through crypto.
- This prompted them to leave their jobs since what they’ve been getting now from delving into cryptocurrencies can be described as life-changing.
Civic Science did the questionnaire and revealed what they’ve got from it. It was posted on November 1 as the results suggest that four percent out of 6,741 participants that are 18-years-old and above had left their jobs back in 2020 because of the financial freedom that they’ve experienced by investing in cryptocurrencies and similar digital assets.
The said analytics firm then cross-referenced the above percentage with the information gathered from 1,201 individuals based on the yearly income who had left their jobs due to the profits they’ve earned thanks to crypto.
Also, almost two-thirds who vacated their jobs due to what is dubbed as “mad gainz” only have annual earnings of just $50,000. Breaking it down, this consisted of 37 percent of them having a gross income of between $25,000 and $50,000. Meanwhile, 27 percent of the said earnings are lower than $25,000.
15 percent of them, on the other hand, are earning between $50,000 and $75,000. The other 13 percent sits between $75,000 and $150,000, while the remaining eight percent of those earnings sits at $150,000 or more.
Life-changing gains in crypto
With that in mind, Civic Science stated that the data that they gathered is implying that investments in crypto may well seem to give off “life-changing levels” of income for some of the participants. Moreover, those who are pretty much well-off holders of these cryptocurrencies are utilizing such assets more of an asset diversification instead of deeming it as their source of income.
It was pointed out, however, that the analytics firm’s results should be chewed on with some pinches of salt on it since they’ve crossed-referenced the intel they’ve got from various periods, not to mention a different number of participants. In addition, it’s still up in the air as to what comprises the so-called “financial freedom” that they’ve mentioned since Civic Science has yet to explain up to what extent the participants made in terms of gains in cryptocurrencies.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.