The huge buzz around cryptocurrencies has the whole world contemplating whether investing in it or not would be advantageous to them. The truth is that, who hasn’t considered putting part of their money into cryptocurrency or blockchain technology? At one point or the other in time, since the inception of cryptocurrencies like Bitcoin or Ethereum, most people from all over the world, cutting across age, genders, race or class have put their money into these assets and this has resulted in a lot substantial and unprecedented surge in the value of these cryptocurrencies and thus fuelled the Ethereum price as well as the prices of other cryptocurrencies.
However, many have wondered what percentage of investors do women make up?
What is the percentage of men and women in crypto?
An important crypto exchange issued its State of U.S. Crypto Report for 2021 and revealed that today’s “typical” crypto investor is a 38-year-old man earning roughly $111,000 per year. In a recent survey carried out by Business Insider, only 15% of bitcoin traders are women.
While the ratio of female investors climbed significantly from 10% at the start of 2020, and despite the jump in both the Bitcoin and Ethereum price, which spurred a flood of new investors to sign up, new data shows that men continue to be the primary drivers of cryptocurrency enthusiasm. Although Bitcoin is the largest cryptocurrency movement, the Ethereum price tends to be very closely linked to Bitcoin’s. Nonetheless, the jump in the Ethereum price resulted in a significant increase in the percentage of female investors from 11 percent (at the beginning of 2020) to that of 12 percent.
Theories show that women are mostly risk-averse. As a result of this, women have been taking fewer risks in the crypto realm than men, whether it is due to the novelty of cryptocurrencies and the lack of information about their source, method, or safety as an investment, we might never truly be able to tell.
However, research shows that women only made up approximately 10% of Bitcoin dealers at the start of 2020, before the coronavirus epidemic brought about panic and instability around the world. While the percentage of female investors improved marginally in the first quarter of 2021, it remains dismally low…
Why are a lesser percentage of women interested in cryptocurrency?
Research has shown that men are more susceptible to bubbles in a manner that women are not. The current Ethereum price value or Bitcoin price value seems very appealing, but why don’t more women invest? Or could it be the price that keeps them away, or the lack of knowledge of how it works? Many speculate that there is a smaller percentage of women getting involved in cryptocurrency because of various reasons which we will discuss below.
First of all, because women are not exposed to the asset class, women do not invest. Women, on the other hand, are looking for financial products that make sense to them. While no one has been preventing women from investing in cryptocurrency until recently, little was done to promote them.
Another angle is the anonymity and volatility associated with cryptocurrency. What gives cryptocurrency its risky outlook is that it is a sort of digital currency transferred between people or used to purchase products outside of banks or government oversight. It’s tough to figure out who is investing in this type of asset because part of the appeal of investing in the crypto world is the promise of anonymity. With this, they see mostly the risk associated with it.
Here are some prominent women in Crypto
There are several women in this sector playing a significant role that are worth mentioning. Let’s begin with Hester Peirce, dubbed “Crypto Mom” by many in the industry, is an SEC commissioner who is assisting in the development of a regulatory framework for digital assets.
Ria Bhutoria is a research director at Fidelity Digital Assets, where she provides razor-sharp analysis of what’s going on in the crypto markets and why it’s occurring, all while helping to solve some of Bitcoin’s long-standing criticisms.
Some aspects of the crypto sector, particularly decentralized finance, can be quite incomprehensible to outsiders. Camila Russo is one journalist who has done a fantastic job of demystifying this environment.
How can we get more women interested in crypto?
To achieve this fit, identifying and providing a solution to the problems is the first step. Various studies that have been carried out can attest to the fact that women are curious about investing in digital assets or cryptocurrency. However, they want to take the time to understand more about it before they fully commit to it.
For both investors and “crypto-curious” people, education appears to be a critical component of crypto growth. Although they might already have some knowledge about cryptocurrencies, they want to take the time to thoroughly understand this space before investing.
Promoting more female participation in cryptocurrency will also get more females interested in investing. When people stop portraying it or treating it like it’s a “Boy’s Club” thing, there will be an increase in female participation. Thus, women need to be equipped with the knowledge and tools they need to feel confident with bitcoin. It is from the call for more women in crypto that the “Women Who Crypto’ movement was born.
You may also read: Best Bitcoin Trading Platforms of 2021