Do UI UX designers need a degree?

As a professional in the cryptocurrency and finance industry, I often come across discussions about the importance of education in various fields. And when it comes to UI UX design, I often wonder: Is a degree truly necessary to excel in this creative and technical realm? While a degree can provide a solid foundation in design principles, software development, and user research, it's not always a prerequisite for success. Many talented UI UX designers have honed their skills through self-study, online courses, and real-world experience. So, my question is, for those aspiring to become UI UX designers: Should they pursue a degree, or is it possible to succeed without one? And if a degree isn't necessary, what are the alternative paths to mastering the craft?