According to a Survey Conducted by Harris Poll, Cryptocurrency Is Still Considered an Investment That Can Create Billionaires.

Some investors have lost confidence as a result of the current downturn in the global economy and the associated price deceleration in traditional stock markets and the crypto markets; nevertheless, many investors in cryptocurrencies are still optimistic despite these developments. The results of a poll that was carried out by Harris Poll in the month of July revealed that investors in cryptocurrencies are quite optimistic about the future of the industry.

A survey conducted by Harris Poll asked close to 2,000 people in the United States about their perspectives on billionaires and how society regards them. 71% of bitcoin investors who were asked responded that they believed they had the resources available to them to become billionaires in the future. This proportion was significantly higher than the percentage that was attained when all of the groups were combined, which was just 44%.

In the same vein, sixty percent of those who were polled said that they aspire to become billionaires and that they look up to the men and women who are already a part of this elite group.

Both Generation Z and Millennials Exude Confidence

In addition, the findings of the poll indicate that members of Generation Z and millennials score high on the confidence scale when it comes to their chances of becoming billionaires. These organizations are frequently linked with emerging financial technologies such as crypto and fintech.

According to the findings of a survey that was carried out by the Devere company in the year 2020, the majority of millennials (66%) consider bitcoin to be a more reliable store of value than gold. Nigel Green, the current CEO of Devere group and its founder, made the following statement at that time:

In keeping with the studies that demonstrate that millennials have a preference for bitcoin over gold, the cryptocurrency is geared up for growing prominence as a serious safe-haven asset class. [C]ryptocurrencies are set up for expanding prominence as a serious safe-haven asset class.

Green further related the interest and preference of younger generations for cryptocurrency with the level of inflation and devaluation that global economies are facing as a result of the large issue of unbacked fiat money. This was another point that Green made. According to Green, the potential advantage that bitcoin could have over gold and other traditional forms of fiat currency is dependent on the unique features that it possesses. These traits allow bitcoin to be non-sovereign, decentralized, rare, and a store of value.