Australian girls proudly owning crypto has doubled in 2021: Survey
A brand new survey shared with Cointelegraph has discovered that the proportion of Australian girls who personal crypto belongings has doubled within the final yr.
The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) of 2000 Australians discovered that the variety of girls who presently or have beforehand invested in crypto rose from 10.3% in 2020 to twenty% in 2021. The share of feminine Bitcoin homeowners additionally rose from 8.3% to 14.8% in keeping with the survey.
Independent Reserve is an Australian-based cryptocurrency exchange that was based in 2013, it has greater than 200,000 customers.
Karen Cohen, Deputy Chair for the Board of Blockchain Australia, mentioned that extra girls have entered the crypto market this yr because the asset class has continued to turn out to be a mainstream funding. Speaking to Cointelegraph, she mentioned:
“I think that it tells you that investing in crypto is less risky and is just one of many different ways you can invest. I think it’s sort of giving the signal that if a bank thinks it’s okay, then you know it’s a safer place to invest.”
Cohen cited examples such because the CBA including crypto buying and selling choices to its app in early November.
Co-founder of Independent Reserve Adrian Przelozny added that “over time, as cryptocurrency investments become more acceptable and mainstream, the perceived risk also reduces.”
He added: “I think that as that happens, you’ll see more and more women enter the market.”
Research by Grayscale from 2019 confirmed that ladies are usually extra risk-averse traders, which is commonly attributed as a motive for the gender hole between feminine and male crypto traders.
The ICRI additionally discovered that ladies have been extra more likely to take heed to household and mates about crypto. 56.7% of the ladies surveyed mentioned that they’d enter the crypto market primarily based on recommendation from household and mates, versus 42.2% of the lads surveyed.
Cohen mentioned, “A lot of women are getting referrals from their friends and family, so they’re getting a feeling a bit safer to get involved.”
On the opposite hand, 45.9% of males mentioned they’d contemplate getting into the crypto market as a result of curiosity sparked by media protection, examine to 41.8% of ladies surveyed.
Closing the gender hole
Cohen mentioned that transferring ahead, she expects that whole gender parity amongst crypto traders remains to be “a while away,” as a result of it’s so entangled with gendered stereotypes and the way in which that ladies are introduced as much as perceive danger and funding.
Przelozny agreed, saying that he couldn’t probably speculate as to when the funding hole will shut. He mentioned: “As to when it becomes 50/50, I don’t know. But I think it’s definitely trending in the right direction.”
Cohen additionally mentioned that because the Metaverse and blockchain gaming begins to dominate the crypto market, customers can anticipate “the landscape to completely change again.”
“Is gaming more of a boy’s club than crypto?” she requested, concluding that “nobody really knows.”
Related: How girls are altering the face of enterprise blockchain, actually!
In final yr’s IRCI report, Cohen urged decision-makers within the crypto trade to incorporate girls in occasions and panel discussions, saying “we are what we see”.
The IRCI is an annual cross-sectional survey of over 2,000 Australians performed by PureProfile. Independent Reserve says its pattern was reflective of the nation’s gender, age, and geographic distribution.