According to the findings of a study, women are less likely to own traditional assets. It is due to the lack of widespread acceptance of these assets; however, this is not the case with cryptocurrencies.
According to the results of the survey, after cash or other forms of fiat money, cryptocurrency is the second most common asset held by women.
For the purpose of this study, a group posed questions to nearly 10,000 individual retail investors located in thirteen countries across the globe.
According to another finding of the study, women have a higher ownership rate of cryptocurrencies than men do.
As per the research, the percentage of digital assets that were owned by women increased from 29% to 34% between the third and fourth quarters of 2022.
This indicates that some women have the misconception that it is more prudent to invest in or own cryptocurrency than to invest/own traditional financial assets.
In spite of the fact that 2022 was without a doubt the worst year for cryptocurrencies. The percentage of people who owned cryptocurrencies increased from 36% to 39% in just one quarter.
The percentage of women who owned cryptocurrencies saw a significant increase.
On the other hand, men have not increased their ownership of cryptocurrencies to the same extent that women have. During the same time period, the number of male homeowners increased by only 1%.
Why Might There Be More Women Investing in Cryptocurrencies?
The fact that more and more women own digital assets just shows that traditional financial markets have not done enough to include women.
Most people who want to invest in cryptocurrencies do so because they want to make more money in less time.
People have shown their faith and confidence in blockchain technology. It is not surprising given that cryptocurrencies have the potential to act as a game-changing asset class in the future.
The perceived risks and the volatile nature of the market continue to be the primary source of concern for individuals. The concern is high among those who have not yet made an investment in cryptocurrencies.
A lack of clarity regarding the regulations has been cited by some individuals as a reason why they have refrained from investing in the asset class.
This could just mean that women are better at taking risks than men. It is given that they have invested in this asset class despite the risks and unknowns associated with the business.
But this is just one possible way to look at the data.
Different Groups of People Who Have an Interest in Blockchain
According to the findings of the research, senior investors want to buy the dip. This is in addition to senior women investors who are willing to take risks and like digital assets. Senior investors also want to buy when prices are low.
As per the survey results, there has been a 5% increase in the proportion of retail investors between the ages of 35 and 44.
In addition to that, people between the ages of 45 and 54 have shown similar behavior. This demonstrates that buyers of a certain age have been purchasing assets of this type.
In addition to traditional investors, a large number of companies have recently begun to view investments in cryptocurrencies as serious business.
A survey that was conducted not too long ago by the blockchain company CasperLabs and Zogby Analytics revealed that businesses have a strong interest in utilizing blockchain technology.
According to the findings of a study that polled over 600 business decision-makers in China, the US, and the UK, businesses are beginning to make investments in blockchain technology.
In the year following that, 87% of these businesses have plans to invest money in blockchain technology.
And among the countries polled, the results were best for China, where more than half of the people polled said they were interested in investing in blockchain technology.
