Women Stepping Up in Crypto

In a surprising twist to the cryptocurrency narrative, women in Norway have put their digital foot on the blockchain gas pedal, with the rate of female ownership soaring from 3% to 6% in a matter of months! According to a survey from Arcane Research and Ernst & Young, this leap in female crypto investors has been fueled primarily by first-time buyers entering the market last year.

Survey Insights

The survey conducted involved 1,000 Norwegians aged 15 and older, pieced together in collaboration with the data-collecting whizzes at NORSTAT. Almost two-thirds of the female respondents admitted they took their first dive into the world of cryptocurrency in 2021. It seems that 2021 may be the year we’ll retrospectively call “The Year of the Lady Crypto Investor”!

Closing the Gender Gap

Despite the recent surge, the gender gap had widened significantly in previous years, with male ownership jumping from 6% in 2019 to a striking 14% by 2022. It’s a curious case of the tortoise (women) finally catching up with the hare (men) in the crypto race—let’s just hope they don’t stop for a snack along the way!

• Female crypto ownership: 3% (2019) -> 6% (2022)
• Male crypto ownership: 6% (2019) -> 14% (2022)

The Bigger Picture

While Norway is certainly making headlines, they’re not alone. The trend of increasing female participation in crypto seems to be sweeping across the globe. For instance, a study from an Australian exchange revealed that the rate of women investing in crypto doubled from 10% in 2020 to a shiny 20% by the end of 2021.

Regional Highlights

In Turkey, a 2022 survey shared that women made up almost half of all crypto investors. Meanwhile, across the border, German interest in crypto has surged, particularly among women, who are shaping themselves as valuable crypto market players.

Challenges Remain

As the participation gains momentum, it’s essential to note that significant cracks remain in certain sectors. Take NFTs, for example—female creators account for only 5% of total sales. It seems we still have quite a journey ahead to establish a genuinely equitable playing field.

With the landscape shifting, it’s crucial to celebrate the progress while also raising awareness of the hurdles that still need tackling. After all, change doesn’t happen by merely acknowledging trends; it’s about ensuring inclusivity thrives in every corner of the crypto world.