Cryptocurrency Adoption Surge Among Australian Women: A Year of Empowerment

Double the Investment, Double the Fun

A recent survey has revealed a remarkable surge in the interest of Australian women in cryptocurrency, with ownership doubling from 10.3% to 20% within a year. This stunning leap is reflected in the latest findings from the 2021 Independent Reserve’s Cryptocurrency Index (IRCI), based on a survey of 2,000 Australians.

A Closer Look at Female Investors

Alongside the spike in overall ownership, the survey also highlighted that the percentage of women owning Bitcoin has increased from 8.3% to 14.8%. Karen Cohen, deputy chair of Blockchain Australia, attributes this growth to the asset becoming more mainstream. With banks actively supporting crypto investments, many women are feeling more confident to jump into this digital gold rush.

Breaking Down Gender Stereotypes

Interestingly, research conducted by Grayscale in 2019 suggests women generally approach investing with more caution than men, contributing to an observable gender gap in crypto ownership. However, Cohen notes a trend: most women in the survey (56.7%) said they would consider investing in crypto based on advice from family and friends, compared to only 42.2% of their male counterparts who lean towards media influence.

Future Investment Outlook

While Cohen believes that gender parity in the crypto space is still a distant goal due to entrenched stereotypes, she is optimistic about progress. “The perceived risk is diminishing,” she notes, citing the Commonwealth Bank of Australia’s recent foray into crypto trading as an encouraging sign. Adrian Przelozny, co-founder of Independent Reserve, echoes her sentiment, asserting that as cryptocurrency becomes more mainstream, more women will likely join the fray.

The Changing Landscape of Crypto

With the rise of blockchain gaming and the Metaverse, Cohen raises an interesting question: “Is gaming more of a boy’s club than crypto?” While there’s no clear answer, one thing is for sure—the landscape of cryptocurrency is rapidly evolving, providing new opportunities and challenges for all investors.

Conclusion: A Path Forward

As observable trends indicate a shift toward greater female representation in crypto investment, the call for inclusivity in industry discussions grows louder. Cohen has consistently advocated for gender representation in crypto events, reminding us that “we are what we see.” It seems that the future holds promise for a more balanced crypto community—let’s keep an eye on this developing narrative!