Crypto Investors: According to a recent study, getting rich on crypto remains the dream.
Barely out of the crisis, the crypto still seems to make its investors fantasize about this Lamborghini or a luxury watch. Carried by figures of billionaires who started from nothing, like CZ or Elon Musk, the industry still attracts many individuals who want to believe that mega-wealth is in their stars.
Crypto Investors: Still Dreaming
A Harris Poll study on the practice of thought leadership was conducted last month. Nearly 70% of investors surveyed from the crypto sphere believe that they could become billionaires thanks to the industry. The interviewees are a selection of more than 1,900 individuals, of all generations.
Of the users claiming that crypto could earn them billions, a majority belonged to the younger generations – Millennials or Generation Z.
This study suggests that younger generations would be more likely to turn to crypto in the face of a failing economic system.
Moreover, according to a survey conducted by Capitalizeindividuals of these two generations would be more likely to consider investing in crypto to fund their retirement.
Get rich quick: bad for the industry
The results of the Harris Poll Thought Leadership Practice survey could tell us two things about crypto. On the one hand, young people no longer trust the current traditional financial systems.
On the other hand, the idea of becoming rich thanks to digital currencies is still relevant. Great financiers like Robert Kyosaki, who advocates wealth through Bitcoin, continue to push such dreams.
There is a divide within the sector. Some want to eliminate speculation, even though investors continue to see crypto as a way to make money. This situation can lure users into Ponzi schemes or other scams promising large monthly returns.
Thanks to his false experimentation, FatMan had already proven the phenomenon this week.
Speculation can lead to a crisis situation within the sector, but also to a loss of investor confidence. Every crypto crash also gives the industry a bad name.
The next Ethereum merger could only amplify the phenomenon. With a community eager to see ETH rise in value, the project could attract new investors solely interested in profit.
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