While some Americans think they can become billionaires by trading cryptocurrencies, some Redditors think it might be better to set goals that are lower and more realistic, such as becoming a millionaire.
In a study, market research firm The Harris Poll surveyed 1,989 US adults and found that more than 70% believed they had the right tools to become a billionaire one day. However, community members on the cryptocurrency subreddit had other goals in mind.
One commenter believes that crypto investors should focus on improving people’s living standards rather than becoming billionaires. They wrote:
“Being a billionaire is a ridiculous goal because it’s going to extremes. It’s to raise the standard of living for all people […] It’s really achievable.”
Responding to the poll results, one redditor said that the remaining 30% of pollsters are more “rational” and may just be thinking about becoming a millionaire. Following this, another commenter said that they would be happy if their crypto investments outperformed their 401k plan.
On the other hand, some sections of society suggested that one billion may not be far due to inflation. Another is that if someone can play their cards right, it might happen. “Invest in shitcoins and hope to win,” they wrote.
Related: The number of crypto billionaires is growing rapidly, here’s why.
Despite the bear market, community members are actively participating and sharing their thoughts on social media. On September 23rd, CryptoTwitter responded to Cointelegraph’s bottom line question on crypto prices. While many are convinced that Bitcoin (BTC) can still go lower and are struggling for more leverage, some are hoping that this is truly the bottom and the euphoria in the crypto markets will resume.