Cryptocurrency Investing Has a Significant Gender Issue

Percent of gender, race who own different types of investments - bar chart

In the 21st century, cryptocurrency has a 20th-century flaw: too few women. According to CNBC and Acorn’s Invest in You: Next Gen Investor survey, males invest in cryptocurrency twice as much as women (16% vs. 7%).

Women are investing less in cryptocurrencies than males, just as they have in more traditional investment fields. Indeed, according to the current poll, crypto ownership is equal to or exceeds ownership in exchange-traded funds (14% men vs. 7% women), individual stocks (40% men vs. 24% women), mutual funds (30% men vs. 20% women), real estate (36%) men vs. 30% women), and bonds (36% men vs. 36% women) (14 percent of men vs. 11 percent of women).

From August 4-9, 2021, Momentive, previously SurveyMonkey, polled over 5,530 US people, 2,980 of whom own stocks, bonds, mutual funds, ETFs, or cryptocurrencies.

Investing democratization and gender

Cryptocurrencies like bitcoin, ethereum, and dogecoin have pushed as a way to democratize a traditionally embracing new and more varied investors. Only 11% of Americans presently invest in cryptocurrencies, and the industry has yet to gain traction among the critical demographic of women.

That’s puzzling because cryptocurrency is leveling the playing field in other ways. 15 percent of those aged 18 to 34 possess cryptocurrencies, compared to 11 percent of those aged 35 to 64 and 4 percent of those aged 65 and over.

Interesting is that people of all ethnicities own cryptocurrencies in roughly equal proportions: 11% of whites, 11% of blacks, 10% of Hispanics, 14% of Asians, and 13% of others. While bitcoin has broken through racial barriers to investment, it hasn’t done so for gender.

Black women have the most severe investing obstacles.

Personal investment, and the financial industry in general, has a history of excluding women and people of color. For decades, a male co-signer was required for women to obtain a loan, mortgage, or even own credit cards. People of color faced structural and discriminatory impediments to investing.

These discriminatory behaviors have left a legacy that persists today. Compared to white women and white men, Black women are half as likely to possess property as Black males. Similarly, only 51% of Black women have a standard checking account, compared to 63% of Black men, 71% of white women, and 78% of white men.

Conversely, Black women had the greatest rates of college debt (30%), compared to Black men (17%), White women (16%), and White men (13%).

As a young business, cryptocurrency is well-positioned to avoid many discriminating problems instilled by traditional investing. Today’s would-be investors have additional resources available to them, including social media, online training, and targeted marketing.

Demographics and the financial future

Black women may feel excluded from investing if they lack access to more traditional financial instruments. In contrast to white women, Black and Hispanic women invest less than white women.

Even though more individuals of color invest in cryptocurrency than in other financial areas, whites still dominate the sector. 62 percent of bitcoin investors are white, 67 percent are men, and 66 percent are under 45.

Unlike, say, mutual fund investors are 80% white, 80% male, and 75% over 45.

Only 19% of cryptocurrency investors are white women, while 4% are black. Due to the lack of diversity among bitcoin investors, large segments of the public are missing out on the chance, repeating the investing industry’s history.

Cryptocurrency investing has a big gender problem (

Cryptocurrency: Advanced Investable For 2021 – All Coin Index

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