A study done by US Based Crypto Exchange London Block Exchange has indicated that the amount of women willing to invest in cryptocurrencies has doubled over the past six months. With investment interest going from 6% of women last year to over 13% currently, or around one in every eight women.
The LBE has also noticed that there has also been extreme growth with millennial interest in the space, especially with female millennials. This has been a common theme in the industry, with many more millennials beginning to comprehend the vast power of cryptocurrencies and related technologies.
Furthermore, in the questionnaire conducted at the exchanges, regardless of whether they actually invested or not, the proportion of women who answered “I am interested in virtual currency” has reached about 20% of the total It’s called.
Agnes de Roeyer, senior business analyst at London Block Exchange commented as follows.
“There is still a common misunderstanding that cryptocurrency is a game for men, but in the past few hundreds of women exchanged, some of the most exciting and knowledgeable investors lead women in the industry It is.”
On the other end of the stick, the growth in men’s interest has stagnated, possibly indicating that cryptocurrency growth will be dominated by females over the next few months.
The report also mentioned that women are 50% less vulnerable to making irrational investments. With the report specifically mentioning that women are not as prone to the fear of missing out (FOMO).
Many analysts attributed last year’s run-up, with Bitcoin going from $1,000 to $20,000 over the course of 12 months, to people throwing money at the market in ‘FOMO.’ If the report from LBE is accurate, more female involvement could help to contribute to tamer price levels for this often volatile market.
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