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Bitcoin investment: Women likely to take the lead according to survey

Rakshitha Narasimhan

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Bitcoin investment: Women likely to take the lead
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Grayscale, published a survey report on Dec. 4, according to which 43 % of investors interested in Bitcoin were women. Although the blockchain and crypto space has remained less female-friendly since its inception, the recent Grayscale report comes as a breath of fresh air.

The report read,

“Bitcoin conversations tend to focus on a predominantly male investor audience, and yet data indicates women have a healthy interest in Bitcoin as well.”

1,100 United States investors of ages between 25 and 64 participated in the survey that was conducted between March 28 and April 3, 2019. Female investors between ages of 25-54 were intrigued by the idea that they can invest small amounts in Bitcoin and increase their investment size as they become more comfortable.

56.2% of women compared to 56.4% of men believed in the future of blockchain. One female respondent said,

“Bitcoin might be the future global currency as we rely more on technology and rarely touch real money”

49.8 % of women compared to 49.9% men saw the potential in Bitcoin’s finite supply and 63% of women compared to 56% of men believed that the ability to start small was a compelling reason to invest in Bitcoin. 93% of women compared to 84 % of men respondents were ready to be open to investing in bitcoin if there was better education about it.

While the report suggested that interest in Bitcoin is nearly equally split between men and women, other sources, however, indicated that much fewer women invest in Bitcoin than men.

AMBCrypto compared some of the surveys conducted over the years and found out that women investors and enthusiasts in blockchain have indeed increased in numbers.

In a survey conducted by LongHash in December 2018, among the 100 blockchain startups considered, just 14.5% of them were women and the numbers got worse in leadership roles. Only 7 % of the blockchain startup executives were women and the advisors, 8%. 78 of the 100 startups didn’t have a single female executive while 75 of them didn’t have a single female advisor and 37 didn’t have a single female employee on the team at any level.

The LongHash report read,

“The gender gap in tech is bad, but in blockchain tech, it appears to be markedly worse.”

LongHash's 2018 survey report

LongHash's 2018 survey report

Another survey conducted in October 2017 by a Reddit user ‘loveYouEth’, revealed that 96% of Ether users are men, and MyEtherWallet reported that 84% of their wallet holders were male.

To sum up, women are now displaying openness to cryptocurrency, but there is still a long way to go.

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.