The number of women showing an interest in investing in cryptocurrencies has gone from 6% to 13% over the last six months, reports City AM.
The report, conducted by cryptocurrency firm London Block Exchange, showed that cryptocurrency is most popular with women in the millennials group. Another survey conducted by Reddit at the end of 2017 indicated that one out of five women had considered investing with a huge 96% of Ether users being males.
Bitcoin News recently reported that figures, released from community-driven Bitcoin statistics and services site Coin Dance, showed that as of May 2018, 94.73% of Bitcoin community engagement and active participation came from men and 5.27% from women.
Although statistics can be unreliable, it does suggest that if the CoinDance figures are correct, then this increase in cryptocurrency interest among women has occurred over a much shorter period, born out by London Block Exchange’s senior business analyst Agnes de Roeyer, who believes women have recently become keener to join the crypto market, explaining:
“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.”
The research also investigated the “Fear of Missing Out” phenomenon known as FOMO in crypto circles, suggesting that women are 50% less likely to suffer from the crypto malaise of missing the next big investment opportunity. Women also are less impulsive than men, likely to consult family and friends before making an investment.
It’s not surprising that these figures suggest that it is women in the millennials group who have increased the percentage of women participants in the space, as millennials remain the dominant group worldwide in cryptocurrency investment. A recent survey revealed that this group viewed Bitcoin as more trustworthy than big banks. What exactly the survey meant by “trustworthy” is not elaborated on, but it is suggested that they find the Bitcoin blockchain a more secure option.
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