Over the past six months, there have been more and more women considering an investment in cryptocurrencies. The actual number has gone from 6% to 13% according to City A.M.’s reports.
Basically, this report is based on market research that was conducted by a UK cryptocurrency exchange named London Block Exchange, showing that cryptocurrency is most popular with women in the millennial generation. According to it, one out of five women expresses a desire to invest.
As the research states, there is a difference in the way men and women invest. While women take a more strategic approach as they are 50% less likely to suffer from “fear of missing out” (FOMO). Also, they are more collaborative than men and are twice as likely to consult their family and friends about their investments compared to men who prefer “doing this alone”.
In what many think is an industry dominated by men, the new survey shows that women are also active in the crypto world. Still, men are the majority of investors in it (91.5%) and women only account for 8.5%.
According to London Block Exchange’s senior business analyst Agnes de Roeyer, this could change soon. As he said:
“There’s still a common misconception that cryptocurrency is a game for men, but we’ve seen hundreds of women sign up for our exchange in the last few months and some of the most inspiring and knowledgeable investors, leading the way in the industry are female.”
We all hope to see more women in crypto and promote gender equality.