The Sad Reality of People Who Left Their Jobs for Crypto
Hi Binance family!
Today, I’m writing this with a heavy heart. It’s not just a crypto update — it’s about people, dreams, and the emotional wreckage that often gets ignored. I’m talking about the thousands who left their stable jobs for crypto, chasing the promise of freedom, only to end up in silence, stress, and shattered hopes.
At the height of the 2021 bull run, platforms like Glassdoor and LinkedIn saw a 395% increase in professionals updating their roles to “crypto investor” or “web3 enthusiast.” A CNBC report in early 2022 stated that nearly 20% of U.S. millennials considered leaving their jobs to invest or trade full-time in crypto. And many actually did.
But fast-forward to today — reality looks different:
According to Forbes, more than 74% of full-time crypto traders suffered major financial losses by late 2022.
Over 30,000 employees were laid off from crypto firms in 2022 and 2023 alone (CoinGecko, 2023), leading to emotional trauma and financial instability.
Terra’s collapse, FTX’s bankruptcy, and the general bear market wiped out $2 trillion in crypto market cap (Bloomberg).
I’ve spoken to people who had six-figure savings, now reduced to cents. Some had to move back in with their parents. One friend told me, “I believed in freedom, but I lost myself.” That hit me. Deep.
But here’s the thing — this isn’t the end. It’s a painful lesson wrapped in brutal honesty.
Crypto is not a shortcut. It’s a long game.
Hype fades. Wisdom stays.
Don’t quit your job for dreams. Build your dreams with your job as your safety net.
To all the broken hearts out there — you’re not alone. This space is still full of hope, but only if we approach it with wisdom, patience, and awareness. Let's stay grounded, informed, and resilient — together.
