Financial matters were once the exclusive preserve of men. Until the 1960s, women in the U.S. had to rely on their husbands to open bank accounts.
Mores continue to evolve gradually, and women's struggle in the financial market remains as strong as ever. One study reveals that 65% of financial advice given to women focuses on cutting expenses rather than intelligent investment strategies.
However, some Australian women are getting involved in the world of crypto-currencies and they're starting to make their mark.
What do French women think of crypto-currency?
We conducted a survey showing that around 70% of women are in favor of crypto-currency.
A sentiment confirmed by one of the testimonials we collected: "I really like the idea that a currency exists without the banks being the main manager. I don't trust them, because in my opinion, bankers only think of their own interests."
However, there are still a few things holding them back: "I haven't yet taken the plunge and invested, because it all seems rather complex. A logical complexity since the system is designed to protect our data, but one that's holding me back a little from buying."
But then if women are open to investment, what's holding them back?
Could crypto regulation convince more women?
A 2019 study by Grayscale highlights that the major brake for women is regulation. In fact, according to this study, 42% of women are concerned about "the security of their investments" compared with 35% of men.
This need for reassurance is confirmed by another very interesting figure. Among Australian women who don't hold crypto-currencies, approximately 30% reveal that they could have invested if there were better protections for buyers.
So for women to invest more, do we need more regulation of crypto-currencies? Adrian Przelozny, co-founder of IRCI, believes above all that we shouldn't force their hand; trust will be earned naturally: "As crypto-currency investments become more acceptable and mainstream, the perceived risk also decreases."
So, it's clear that greater regulation would go a long way to reassuring a large number of potential female investors. Even so, some aren't waiting for regulation to buy cryptos.
Australian women pioneer crypto
Independent Reserve's Cryptocurrency Index (IRCI) survey of 2,000 Australian women reveals that the percentage of women investing in crypto-currencies almost doubled between 2020 and 2021, from 10.3% to 20%. An encouraging rise that proves that, over time, women will invest more and more.
Also according to IRCI's survey results, 89% of women surveyed claim to have made money or broken even, compared with 78% in 2020. A fine progression that will undoubtedly encourage women to take a greater interest in the crypto market.
However, these results need to be qualified according to IRCI's director: "It's only natural that more and more people are interested in an asset class that clearly outperforms the rest of the market."
Finally, women's investment in cryptocurrency is growing, and is certain to become even more significant in the coming years.
