Millennial Females are Inadequately Represented in Investing in Crypto

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Crypto mining, such as the gominer cloud mining, is a major undertaking and pursuit so as to acquire cryptocurrency. Crytocurrency, as we know it, has the makings and the aptitude to transform the world.

As per Coin.dance , at present, about 9% of the crypto buffs are women. This includes developers, founders, investors as well as those who are casually fascinated individuals. This number does not look like much than to the percentage of women in sector of technology.

Published on September 12, 2018, Circle, a company on crypto finance, conducted a survey which revealed that millennial females do make an investment in cryptocurrency but at half the amount of investment done by males. Answers for the surveys were gathered from more than 3,000 Baby Boomers, Gen Xers, and millennials within the United States. The survey covered concerns such as investment, related risks assessment, as well as attitudes on the subject of asset classes such as crypto that is.

On Crypto Investment

  • As per the survey, 25% of millennials expressed their interest in buying cryptocurrencies over the following 12 months. This distinguishes them from other age bracket by over 10%
  • Through a gender standpoint, across the Baby Boomers, Gen Xers, and millennials, 17% of males intend to purchase crypto, whereas merely 8% of females share similar plans.
  • 71% of millennials made investments not more than $1,000 into cryptocurrencies and 29% have mad an investment over $1,001. Of the 71%, 42% of millennials invested below $500 and 29% made an invested between $500 and $1,000.

On Risks Associated with Investing on Crypto

  • Younger male investors across the generations of Baby Boomers, Gen Xers, and millennials are bolder, although Baby Boomers are more likely to be more careful. Supposedly, 42% of millennial males identified themselves as investors who are“aggressive”, in contrast with 27% of females. 34% of male and 19% of female Gen Xers selected similar answer.
  • In the crypto field, although women might yet be inadequately represented, London Block Exchange market study presented that the quantity of females contemplating investment in crypto had increased twofold since the beginning of the 2018. Moreover, the survey discovered that females are 50% less expected to undergo “FOMO”, also known as “fear of missing out”, as well as to more tactically advance in investing.