Twice As Many Men Invest In Cryptos As Women, Circle Survey Finds Out
It looks like the crypto world is a man's world so far. A recent survey made by the crypto payment company Circle with over 3,000 individuals has some interesting gender findings that show that men are twice more likely to invest in cryptos than women.
During the survey, Circle discovered that one in every four millenials are already interested in investing in cryptocurrencies and that the majority of the millennial investors consider themselves to be aggressive investors. Three generations were interviewed in the survey: millennials, generation X and baby boomers.
The platform, which was backed by Goldman Sachs, used Survey Monkey to collect the results of the test. The most interesting piece of data gathered by the company was that men are nearly twice as likely to invest in cryptos than women.
About 42 percent of male millennials, 34 percent of gen x-ers and 16 percent of baby boomers have looked into this brand new asset class. On the other side, only 27 percent of the millenial women, 19 percent of gen x-ers and 9 percent of baby boomers have done.
The survey also indicates that the “aggressiveness” of the investors drop with the age, from 65 percent of the millenials interviewed to 25 percent of the baby boomers.
Other reports, such as eToro’s, also show that women are a minority, as they are only 8.5 percent of the 9 million clients of the company. Historically, women tended to be away from the financial market due to many reasons, so the results are not totally surprising.