As we celebrated International Women’s Day this year, it’s time to smash some preconceived notions, particularly the one that suggests the world of cryptocurrencies is a man’s game.
Forget the stereotype that paints women as risk-averse and wary of financial adventures.
New data indicates that not only are women diving into the crypto pool, but they’re doing it with style, strategy, and significant impact. Let’s unpack this invigorating trend.
A Quick Snapshot: The Numbers Speak
Gone are the days when the crypto-investing landscape was overwhelmingly male. A 2022 report from Triple A reveals a noteworthy shift.
Compared to 2021, where women made up just 21% of crypto investors, they now account for a robust 37%. Here’s the kicker: 70% of these women investors are in it for the long haul, opting for a “hold” strategy.
And if you’re thinking this is just about making a quick buck, think again. For 40% of women, cryptocurrency isn’t just a speculative venture; it’s a legitimate savings option. This is in sharp contrast to men, where only about 27.4% view it as a savings vehicle.
So, are you still hanging onto the notion that women are latecomers or hesitant players in the crypto game? It’s time to recalibrate your perceptions.
The Gender Wage Gap Persists, Even in Crypto
Yes, the numbers look promising, but there’s a sobering asterisk. Despite their advanced educational qualifications—with 50% holding at least a Bachelor’s or Master’s degree—75% of women crypto investors report annual earnings below $100,000.
To be more exact, 21% earn less than $24,000 a year. A discrepancy that persists, even as 50% of women investors remain bullish on Bitcoin for the next five years.
Leading by Example: Women Who’ve Made Their Mark
But enough of statistics for now. Let’s talk about the women who’ve been trailblazers in this space. Remember the name Victoria Jansen; she was the one to pioneer Bitcoin ATM transactions, buying her first BTC token for $200 in a downtown Vancouver café in 2013.
How about Hi Ye, who joined hands with Changpeng Zhao to establish Binance? She’s currently steering Binance Labs, making her just one among several women—like Berli Li of Yield Guild Games, Francesca Hall of Blockstream, Caroline Ellison of Alameda Research, and Flori Marquez of BlockFi—who’ve carved out their niches.
And let’s not forget Wyoming Senator Cynthia Lummis, a staunch advocate for Bitcoin. Her unwavering support aims to ease the legislative landscape for cryptocurrencies.
The State of Female Employment in Crypto Businesses
Despite these success stories, we must acknowledge that the proportion of women in crypto-related jobs saw a marginal dip—from 30% in 2021 to 26.5% in 2022. And when it comes to founding crypto companies, women make up less than 5%, according to Crunchbase data.
The gains are real but so are the challenges. The increasing female involvement in cryptocurrency shows a promising trend towards gender inclusivity, but it also highlights areas where work remains to be done.
So this International Women’s Day, let’s not just celebrate the victories. Let’s also set our sights on the battles that lie ahead, because the crypto universe is expansive enough for everyone, regardless of gender.
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