April 20, 2024

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Risky business.  More and more people are leaving their jobs to earn a living from cryptocurrency

Risky business. More and more people are leaving their jobs to earn a living from cryptocurrency

It has become easier to find people who have some kind of connection to the world of cryptocurrency. This disruptive technology Little by little it is modifying the present societies and the lives of the people who inhabit it.

Specifically, according to a study recently published by the analysis company Civic Science, it is known that more than 11% Among the 6,741 Americans surveyed, they personally quit their job or know someone who has, to devote themselves to investing in the cryptocurrency market.

The study asks, “Did you or someone you know leave your job at some point in the last year due to the financial freedom gained from investing in cryptocurrency?” The answers really mattered, as 11% of the total who answered in the affirmative were their target Protect Yourself From “Bad Economy” and 12% He sought “independence from the government”..

An important detail noted by the survey is that the majority of people quit their jobs to earn a living from investing in crypto assets, such as Bitcoin, they were Low paid workers. This data reveals that these types of investments can provide life-changing levels of income for some people, while high-income earners use this technology as another form of asset diversification rather than a means of making a living. What is certain is that the study does not show the number of investor earnings.

Exactly, nearly two-thirds of those who have given up their jobs He earned less than $50,000 a year27% earned less than $25,000 while 37% had a total income of between $25,000 and $50,000. Meanwhile, 15% of those who went to work thanks to investing in cryptocurrency earned between $50,000 and $75,000, 13% between $75,000 and $150,000, and 8% with 150,000 or more, according to data showing the same report.

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Investing in crypto assets is already more than just a trend. Along the same lines, the study is entitled Invest in you for a moment, produced by CNBC reveals that too One in ten people In the US (11%) currently You are investing in cryptocurrency.

Carlos AranguesProfessor of Criminal Law at the University of Granada, Spain, and Director of the Law Firm Arangis Lawyers, explains that it has become easier to trade digital assets because there are so many platforms and apps out there today trade. But the expert points out that this does not mean that everyone should jump into investing in cryptocurrencies. Lawyer Aránguez warns that “although it sounds simple, a lot of knowledge is needed because there is a high rate of fraud.”