A new survey conducted by Harris Poll has found that most cryptocurrency investors in America feel they have the necessary tools to become billionaires in the future. The survey, which asked how Americans view billionaires, also revealed that this sentiment is higher among millennials and Gen Zers, with other groups falling behind.
Crypto still seen as billionaire-maker investment, according to Harris Poll Survey
While the recent slowdown in the global economy and the subsequent price decline in traditional stock and crypto markets have caused some investors to lose confidence, many cryptocurrency investors remain optimistic. A survey conducted by Harris Poll in July has revealed that cryptocurrency investors are very hopeful about the future of the industry.
The Harris Poll contacted nearly 2,000 Americans to ask about their views on billionaires and how society views them. 71% of cryptocurrency investors surveyed stated that they believed they had the tools available to become a billionaire in the future. This percentage was high compared to the percentage of all groups combined, which only reached 44%.
Similarly, 60% of respondents stated that they want to become billionaires and that they look up to men and women in this selected group.
Gen Z and Millennials are confident, too
The survey results also reveal that Gen Zers and millennials rank high when it comes to being confident about the possibilities of becoming billionaires. These groups are also often associated with new financial technologies such as crypto and fintech.
In 2020, a survey conducted by the Devere Group indicated that two-thirds of millennials prefer bitcoin over gold as a safe haven. At the time, Nigel Green, CEO and founder of the Devere Group, stated:
In line with findings showing that millennials have a preference for bitcoin over gold, the cryptocurrency is set to rise to prominence as a serious safe-haven asset class.
Green also connected the interest and preference of these younger generations for crypto with the level of inflation in devaluation that global economies are facing due to high issuance of unbacked fiat money. The advantage that bitcoin can have over gold and other traditional fiat currencies depends on its unique characteristics, which allow it to be non-sovereign, decentralized, scarce and a store of value, according to Green.
What do you think about the confidence that crypto investors have in becoming billionaires? Tell us in the comments section below.
Sergio Goschenko
Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, having entered the cryptosphere when the price spike occurred during December 2017. He has a computer engineering background, lives in Venezuela and is influenced by the cryptocurrency boom on a social level, offering a different point of view on crypto success and how it helps the unbanked and underserved.
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