A new study shows that while female investors are increasingly interested in cryptocurrency and blockchain technology, there is still a huge knowledge gap on these topics.
BlockFi noted that a third-party investigative team conducted a study on January 28, 2022 involving 1,031 self-identified American women between the ages of 18 and 65.
According to a recent study by BlockFi on changing attitudes towards cryptocurrency, 92% of women surveyed have heard of cryptocurrency, with one in four (24%) already owning one. On the contrary, 80% still find it difficult to understand, and 72% think investing is risky.
According to the study, over a third of women intend to buy cryptocurrency in 2022, with 60% of survey respondents saying they will buy crypto within the next three months.
The study notes that while the widespread use of cryptocurrency remains at a low level, the majority of cryptocurrency holders are also buying HODLing. By 2022, the cryptocurrency market has already seen a lot of volatility. However, women’s confidence in long-term investments in cryptocurrency remains unwavering: the majority of women buy Bitcoin (BTC) (71%), Dogecoin (DOGE) (42%) and Ether (ETH) (18%), according to the survey.
According to the survey, 24 percent of respondents own cryptocurrency. Of those who do, 70% are owners who buy an asset but never sell it, compared to 55% for the market as a whole. Nearly 45% of women said they know how to buy cryptocurrency, according to the survey, up from about 23% six months ago.
In an interview with Cointelegraph, Casper Labs CTO Medha Parlikar said she hopes regulators will continue to allow more women entrepreneurship in the blockchain to “move forward.” She indicated that:
“When it comes to women in tech, I think it can be a longer tail than just women instantly appearing in tech. I see a strong trend toward supporting girls who code right.”
Last year, a study showed that gender equality in the cryptocurrency and blockchain industries is still a long way off. According to the World Economic Forum’s Global Gender Gap Report as of April 2021, it will take approximately 135.6 years to close the gender gap as a result of the COVID-19 pandemic.
However, this did not stop these women who used blockchain technology and cryptocurrency to solve various social problems. According to Cointelegraph, a study published in December 2021 found that the number of Australian women investing in cryptocurrency has doubled from the previous year.
Related: 10 Women Using Cryptocurrency to Make a Difference in 2021
A recent KuCoin survey showed a more balanced distribution of men and women using cryptocurrency in Turkey. KuCoin found that female investors in Turkey make up 47% of investors and 63% of crypto enthusiasts.
