A Harris poll report found that 71% of cryptocurrency investors believe they will become millionaires.

Most American cryptocurrency investors feel they have the tools they need to become millionaires in the future, according to a new survey conducted by the Harris Poll. The survey, which asked whether they were watching, also found that this sentiment was higher among millennials and Gen Z, with other groups lagging behind.

Cryptocurrencies Still Seen as Billionaire Investments, According to Harris Poll

While the recent global economic downturn and subsequent price declines in traditional stocks and cryptocurrency markets have dampened some confidence, many cryptocurrency investors remain optimistic. A survey conducted by the Harris Poll in July revealed that cryptocurrency investors are very hopeful about the future of the industry.

The Harris Poll reached out to nearly 2,000 Americans and asked them about their views on billionaires and how society views them. He said 71% of crypto investors surveyed believe he has the tools to become a millionaire in the future. This percentage was higher than the percentage for all groups combined, reaching just 44%.

Similarly, 60% of those surveyed said they wanted to be millionaires and admired this select group of men and women.

Gen Z and millennials are confident too

The survey results also reveal that Gen Z and millennials rank highly when it comes to confidence in their potential to become billionaires. These groups are also commonly associated with new financial technologies such as crypto and fintech.

A 2020 study conducted by the Devere Group showed that two-thirds of millennials prefer Bitcoin to gold as a safe-haven asset. At the time, Devere Group CEO and founder Nigel Green said:

Cryptocurrencies are set to rise to prominence as a serious safe-haven asset class, in line with research showing millennials prefer bitcoin to gold.

Green also linked these younger generations’ interest and preference for cryptocurrencies to the level of devaluation inflation facing the global economy due to the high issuance of unbacked fiat currencies. According to Green, whether bitcoin can gain an edge over gold and other traditional fiat currencies will depend on its unique properties that allow it to be non-sovereign, decentralized, scarce, and a store of value. increase.

What do you think about the confidence of crypto investors to become millionaires? Let us know in the comments section below.

image credit: Shutterstock, Pixabay, Wiki Commons