A new survey by Harris Poll discovered that cryptocurrency investors in America are sure they will become the next billionaires. From the survey, cryptocurrency investors feel they have the necessary tools to become future billionaires. The survey, which was simply an inquiry into how Americans perceived billionaires, revealed the perception of cryptocurrency investors.
The Harris Poll is a global and popular market research company in the United States. The survey conducted in July found that three-quarters of the investors are sure that they will become billionaires in the future.
Even after the collapse of digital markets like the stock market, cryptocurrency investors are still optimistic. Harris Poll contacted about 2,000 Americans to inquire about their perception of billionaires.
In 2000, 71% said cryptocurrency is the tool for becoming a future billionaire. Most believe that they will be these future billionaires. This percentage was higher than investors from other traditional markets, reaching only 44%. 60% of 2000 stated that they look up to future Billionaires and would like to become billionaires.
Gen Z and Millennials are Confident Too
The most confident individuals from this survey were millennials and Generation Z. This is because the groups are commonly associated with new digital and financial technologies such as cryptocurrency.
Another survey conducted in 2020 by the Devere group found that two-thirds of millennials prefer bitcoin to gold. To them, Bitcoin is a haven asset. Even Nigel Green, CEO and founder of Devere group, said:
“In line with the findings, which show that millennials have a preference for Bitcoin over gold, the cryptocurrency is set up for growing prominence as a serious safe-haven asset class.”
Nigel Green also linked inflation to the interest and preference of these younger generations, ‘cryptocurrency.’ Inflation is devaluing economies. Something digital financial assets seem to be solving. Therefore, the younger generation prefers digital currency to unbacked fiat currency. The new digital currency also offers unique features to traditional systems like fiat and gold. With cryptocurrency, there is decentralization. You can also transfer vast sums of money as a company without taxation or government monitoring.
For example, Bitcoin whales that purchased crypto coins eight years back have been circulating. One whale even cashed out a considerable sum of money. Thanks to Bitcoin’s anonymity, no one really knows whose wallets these are.
Should Teenagers (Gen Z’s) stare at Computer Screens All Day in the Name of Cryptocurrency Trading?
The truth is a teenager can become a cryptocurrency billionaire today. However, this puts pressure on other teenagers who use the wrong investment strategies. Recent research shows that modern-day teenagers are glued to their phones, trying to observe cryptocurrency charts. Addiction is dangerous because a teenager can miss out on growing up. The teenage years are significant.
Even the CEO of Binance, Changpeng Zhao, advises that nothing comes easy in cryptocurrency. You have to take time and do your research, strategize, analyze and invest. Cryptocurrency is not a get-rich-quick scheme; it is not a Ponzi scheme, the CEO of JP Morgan says. It works like any other. Therefore, Gen Zs should develop an attitude of patience and learn to build things from scratch. For teenagers, go out and live your best lives. You will not be a teenager forever.