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Women interest in crypto grows, but education gap persists

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Women are becoming more interested in cryptocurrency and blockchain technology, according to a new study. However, there is still a considerable knowledge gap in these areas.

The study was conducted on January 28, 2022, by a third-party survey panel. And comprised 1,031 female-identifying Americans aged 18 to 65.

According to a recent study by BlockFi on changing attitudes toward cryptocurrency, 92% of the women polled have heard of bitcoin. With nearly one-quarter (24%) having already purchased some. On the other hand, 80% still find it difficult to comprehend, and 72% say investing is too hazardous.

According to the poll, more than a third of women want to buy cryptocurrencies in 2022. With 60% stating they will buy cryptocurrency within the following three months.

Most of women are purchasing and holding on to their holdings

While overall cryptocurrency adoption is still low, the majority of female cryptocurrency owners are purchasing and holding on to their holdings, according to the report. The cryptocurrency market has already experienced a great deal of turbulence in 2022. Despite this, women’s faith in long-term crypto investment remains unshaken, with the majority of women buying Bitcoin (BTC) (71%) Dogecoin (DOGE) (42%) and Ether (ETH) (18%), according to the survey.

According to the study, 24% of those who took part in it hold cryptocurrency. HODLers account for 70% of those who do, compared to 55% for the market as a whole. According to the survey, about 45% of women know how to purchase bitcoin, up from around 23% six months ago.

Medha Parlikar, the chief technology officer of Casper Labs, said in an interview that she believes authorities will continue to “move forward” in allowing more women to participate in blockchain entrepreneurship. She remarked:

“In terms of women in technology, I believe there is a longer tail than just women entering the field right away. I’ve noticed a huge trend in favour of empowering female coders.”

Australian women are taking the lead

Gender equality in the cryptocurrency and blockchain industries is still a long way off, according to research released last year. The COVID-19 pandemic will take nearly 135.6 years to close the gender gap, according to the World Economic Forum’s April 2021 Global Gender Gap Report.

This hasn’t stopped these women from employing blockchain and cryptocurrency to address a variety of societal issues. According to research published in December 2021, the number of Australian women investing in cryptocurrency has doubled in the previous year.

According to a recent KuCoin poll, male and female cryptocurrency users in Turkey are even. Female investors make up 47% of investors and 63% of crypto-curious in Turkey, according to KuCoin.

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