A new study suggests that bitcoin and cryptocurrency have grown like crazy. They are part of a big industry that is seeing many investors, analysts and individuals stepping in and desiring to take advantage of the many benefits. There just seems to be a big problem: the crypto space is allegedly dominated by men, while women are struggling to keep up.
Women Aren’t As Active in Crypto as Men
Per a new study conducted by CNBC, Momentive, and other partners, it appears that approximately 16 percent of the world’s men invest in digital currencies, while only seven percent of women take part in the space. This means that there are more than twice as many men involved in digital currency as there are women, who appear to be lagging way behind.
This does not just apply to digital currencies themselves, but to digital currency-related products as well. It appears the rate of men investing in digital currency-based exchange-traded funds (ETFs) in regions such as Canada, for example, is 14 percent, while women meander behind at seven percent. These numbers also spread into more traditional investment options, such as standard company-issued stocks. Men currently hold the record for how much stock investment is occurring in the world. Approximately 40 percent of the world’s men invest in stocks compared to about 24 percent of women.
In addition, mutual funds can say that about 30 percent of their customers are men, while only 20 percent are women. Men also dominate the real estate market, with approximately 36 percent of the world’s real estate investors being men. Only 30 percent are women, and 14 percent of the world’s men invest in bonds, while only 11 percent of the world’s women fall into this category.
The study took place between August 4 and 9 of this year. As many as 5,530 adults took part in the study, with nearly 3,000 of the participants claiming to have invested in at least one of the departments mentioned above, whether they be crypto, stocks, bonds, mutual funds, or ETFs.
What Happened to Equal Opportunity?
It doesn’t make much sense for cryptocurrency to be so dominated by men given that crypto was ultimately designed to give everyone a measure of equality and independence. For example, when you apply for any tools or products through a bank, you need to go through a serious background check that’s likely to involve looking into your employment history, your funds, etc.
By contrast, cryptocurrency is open to just about anyone. It doesn’t matter what you’ve done in the past or where you’re located. You can simply open an online wallet, attach a payment method, and begin trading that same day. There is no need to go through a background check or anything like that. You are being given a chance to take control of your financial future and build your investments.