According to a new survey, male investors check the Bitcoin price more frequently than female investors. According to recent academic research, gender is linked to both psychological and demographic characteristics when it comes to crypto investment.
The study reveals that 60% of the female population have very low or no awareness of crypto assets, a significant factor affecting investments, whereas two-thirds of males have a medium or high degree of knowledge of crypto.
Factors behind the gender inequality in crypto
The study discovered that having greater general knowledge leads to taking more chances, as males monitor their investments more frequently than women and do not steer away from taking more risks. Lower-income and a lack of awareness about crypto are two major factors driving women’s desire to experiment with various investment tools.
Gender is a factor that affects individual financial investment decisions, according to a study published in the Journal of Business, Economics, and Finance on Dec. 24. Researchers Ala Gülenkardeş and Ozan Akadur shared results from a computer-aided survey done in Turkey to uncover gender-related behavioral and psychological variations in crypto.
As TheCoinRise reported, a recent study by Art Tactic reveals that over 77% of the NFT sales go to male artists.
enkardeş has worked as an interdisciplinary academic researcher focusing on gender and technology. She has examined the exclusion of women from the crypto sector with personal observations and particular data acquired for the research. She has been an active member of the crypto ecosystem for over five years.
Positive steps to boost female participation
Many firms are trying hard to increase female involvement in the crypto industry. Recently, OKcoin hired Randi Zuckerberg to strengthen the firm’s female user base.
enkardeş also shared her personal findings that women have a lesser degree of crypto understanding, which, among other things, results in a lower investment ratio.
But there is reason to be optimistic. There are activist platforms throughout the world, according to enkardeş, with the purpose of increasing women’s engagement in the crypto industry as traders and developers.
“I do believe together with the increasing awareness on a gender-free digital verse, the gap between the female and male crypto investors will disappear,” she adds.