“The gains from cryptocurrency trading may be fueling the persistent labor shortage in the US as Americans across the income spectrum gave up full-time jobs to take their chances on risky digital assets, a new study shows.”
“One finding showed that around 11% said they or someone they know have resigned from their jobs due to the financial freedom afforded by digital asset trading. The survey comes as the total market cap for digital assets just hit $3 trillion for the first time on record, roughly the size of the entire UK economy.”
“‘This data implies that crypto investments may have provided life-changing levels of income for some, while the wealthier owners of crypto use it more as another form of asset diversification rather than a source of income,’ the study said.”
“Data also showed that of those who invested in crypto, 23% said they did so as a short-term investment, 28% for the long term, 16% did it because it was simple and easy, while 12% said it was their hedge to any economic downturn.”