These days, millennials—and those following in their wake—have decided that the 9-5 lifestyle isn’t for them. Research has indicated that this age group values experiences, such as travel, over expensive acquisitions like cars. Rather than being chained to an office desk, they prefer to travel to far-flung places and experience exotic destinations now-instead of waiting for a retirement that may never come. However, the one issue with becoming a digital nomad is that you have to get paid to sustain your lifestyle somehow. And cryptocurrency has been making it easier and easier for people to do exactly that.
Although the average Joe or Jane may not know how to make their crypto work for them in the real world, some veterans of the crypto revolution have been living off of their profits for years now. For those who are heavily invested in the crypto world, it doesn’t come as a surprise that the digital nomad lifestyle makes more sense. After all, one downside of living in the United States or Western Europe is that cryptocurrency tends to be more heavily regulated. For those who are looking to start projects, there can be some major barriers. This is not the case in places like Thailand and Singapore, so these are the spots where new crypto projects are likely to pop up. For crypto enthusiasts who like attending conferences and staying on top of all the latest projects, it just makes sense to move freely about the globe—and taking part in this lifestyle is easier than some might think.
Some may see this digital nomad lifestyle as a backlash to what has happened in Silicon Valley. Nowadays, only the wealthiest people can afford to live in a generously sized apartment in the city. Competition for jobs is fierce, and the mentality favors employers more than it favors workers. When individuals choose to be paid off of a decentralized system and not work in an office that is located in an expensive tech town, they divorce themselves from this kind of reality. In the coming years, it seems obvious that the digitally nomadic lifestyle will explode. People crave the freedom of working outside a structured system, and this way of life—in tandem with crypto—is set to revolutionize everything.
