Crypto isn’t gender-biased but it seems that more women in the United States are now into it.
According to a recent Gemini survey, around 53% of those who expressed their interest in investing in crypto are women.
However, the survey coming from the U.S. cryptocurrency exchange revealed the opposite as only 26% of women actually hold or invest in the asset class in real-time.
But, the survey stressed one important fact: Women have a growing enthusiasm and interest to get their hands on digital assets as compared to men.
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Women’s Crypto Interest Growing In The US
Similarly, the same growing trend evident in more women holding virtual assets is seen in BTC Markets, an Australian-based cryptocurrency exchange.
Interestingly, more women have invested in crypto on the platform compared to men. Women’s participation in the platform has increased to as much as 172% while participation of males has pushed up to 80% last year. It’s a wide difference.
Evidently, women also are more aggressive or risk-takers making larger initial deposits than male investors.
Crypto total market cap at $1.74 trillion on the daily chart | Source: TradingView.com
Women More Aggressive In Investing?
Psychology would tell us that women are generally very careful and take more calculated risks compared to men who tend to be daredevils even with trading and investing.
Women tend to think and even rethink options before they make a final decision. However, this time around, women crypto investors tend to make more aggressive investments compared to their male counterparts.
On the other hand, women prefer to manage their own portfolios instead of letting a broker manage their digital assets for them. This speaks volumes of how they are generally risk-averse because they still do want to take the upper hand when it comes to managing their Bitcoin or other related assets.
Empowering More Women
Becky Smouha, CEO/Founder of SuperBabesNFT Club in Sydney, Australia says that the digital currency space may seem to be dominated by males. It can also be very complex and overtly technical which might intimidate a lot of women.
But, if women become too scared to try or hover in an unknown territory, then it becomes self-limiting. Growth is stunted right then and there. On that note, she feels that it’s her mission to gently nudge or lead women into the meta or crypto space.
The crypto space can be very challenging for both men and women. However, Smouha emphasizes that the challenges encountered shouldn’t alienate but instead empower more women to figuratively get their feet wet and dive into the crypto space.
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Featured image from Entrepreneur, chart from TradingView.com