Number of Australian women held in cryptocurrency to double by 2021

A new survey released with the Cointelegraph shows the percentage of Australian women with crypto assets has doubled.

According to the 2021 Independent Reserve Cryptocurrency Index (IRCI) survey of 2,000 Australians, the number of women investing now or in the past in cryptocurrencies has increased from 10.3% in 2020 to 20% in 2021. L The survey also found that the percentage of women owning Bitcoin fell from 8.3% to 14.8%.

Founded in 2013, Independent Reserve is an Australian cryptocurrency exchange with over 200,000 users.

Blockchain Australia Group Vice President Karen Cohen said more women are entering the cryptocurrency market this year as the asset class continues to be a vital investment. In an interview with Cointelegraph, he said:

"This shows that the risk of investing in cryptocurrencies is low. This is just one of the many ways to invest. It is, in some cases, a sign that you know that if your bank thinks that it's bad. Likewise. "It's an investment. . "

Cohen cited an example of CBA adding cryptocurrency to their apps in November.

Adrian Przelozny, co-founder of the Independent Reserve, added: “Over time, crypto investments will become more efficient and larger and the observed risks will decrease. "

“If that happens, I think we'll see more and more women entering the cryptocurrency industry,” she added.

A 2019 study by Grayscale found that women were more likely to be at risk than investors, which is often thought to be the cause of gender differences between women and men.

ICRI also found that most women listen to advice from family and friends about cryptocurrency. 56.7% of women surveyed said they would enter the cryptocurrency market with the consent of family and friends, compared to 42.2% of men.

“Many women feel more secure to participate because they gain the approval of their friends and family,” Cohen said.

Meanwhile, 45.9% of men say they will decide to enter the cryptocurrency market because the media has spurred interest, while 41.8% of women say they will. .

Gender links

Going forward, Cohen said, “It will take time,” as the gender equality of cryptocurrency traders has been linked to gender stereotypes and women. Understand the risks and investments as they grow.

Przelozny agrees, saying it's impossible to predict when the capital will be closed. “I don't know when it will be 50/50, but I think it goes right,” he said.

Cohen also said that as metaverse and blockchain games begin to dominate the cryptocurrency market, users can expect "the environment to change completely."

“Is gambling more of a youth club than a cryptocurrency? "He asked, and concluded," nobody knows.

In an IRCI report last year, Cohen said, "Here's what we're seeing," urging crypto industry decision-makers to include women in events and panel discussions.

IRCI is an annual survey conducted by PureProfile of over 2,000 Australians. The independent reserve said the survey model reflects the country's gender, age and geographic distribution.