The financial field was once reserved exclusively for men. Until the sixties, women in the United States were under the tutelage of their husbands to open a bank account. Mores continue to evolve gradually and the struggle of women in the financial market still remains. A study reveals that 65% of financial advice given to women focuses on cutting expenses rather than smart investment strategies. However, some women have gotten involved in the cryptocurrency world and they are starting to mark their times.
What do women think of cryptocurrency?
There was a survey taht discovered that roughly 70% of women support cryptocurrency. “I really appreciate the notion of a currency existing without the banks being the major management,” one of the testimonies we collected said. I don’t trust them because bankers, in my opinion, are solely concerned with their own interests. However, there are a few factors that are preventing them from progressing: “I haven’t taken the investment step yet because it appears to be fairly complicated.” Because the system is created to secure our data, it has a logical complexity that makes it more difficult for me to purchase. But, if women are willing to invest, what is keeping them from doing so?
Can crypto regulation convince more women?
According to a Grayscale survey published in 2019, regulation is the most significant barrier for women. According to this poll, 42 percent of women, compared to 35 percent of men, are concerned about “the security of their money.”
Another intriguing figure corroborates this demand for reassurance. Around 30% of women who do not own cryptocurrencies say they would have bought if buyer protections were greater. So, do we need more cryptocurrency regulation to encourage women to invest more?
Above all, Adrian Przelozny, co-founder of IRCI, believes that we should not force their hand; trust will develop naturally: “As bitcoin investments become more accepted and prevalent, so does the perceived danger.”
Australian women pioneered in crypto
The Reserve’s Cryptocurrency Index (IRCI) research of 2,000 Australian women found that between 2020 and 2021, the percentage of women investing in cryptocurrencies nearly doubled, from 10.3 percent to 20 percent. This is a positive trend, indicating that women will invest more in the future. Despite this, according to the IRCI survey, 89 percent of the women polled believe they have gained money or reached break-even, compared to 78 percent in 2020. This is a positive development that will surely encourage more women to become interested in the crypto market.
However, these results should be qualified according to the director of IRCI: “It is quite natural that more and more people are interested in an asset class that clearly outperforms the rest of the market.” Finally, the investment of women in cryptocurrency is growing and it is certain that it will be even more important in the coming years.
