A Small but Emerging Trend in the Jobs Market: ‘I Quit! I’ve Made Enough Money on Crypto’

A Small but Emerging Trend in the Jobs Market: ‘I Quit! I’ve Made Enough Money on Crypto’
A physical imitation of the Bitcoin crypto currency is seen in Paris, France, on April 26, 2021. Martin Bureau/AFP via Getty Images
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Cryptocurrencies have all rallied strongly in October, with Bitcoin (BTC) and Ethereum (ETH) among the majors hitting all-time highs. These decentralized currencies are also having an impact on macroeconomic variables, according to a new survey.

What Happened

About 4 percent of the people surveyed said they have—or know of someone—who quit their jobs at some point over the last year due to the financial freedom unlocked by cryptocurrency investment, CIVIC Science said, citing its survey.

The results are based on 6,741 responses collected between Oct. 20 and Oct. 27. Interestingly, a majority of those who quit were from the lowest income bracket, with about 64 percent earning less than $50,000, the survey revealed.