The percentage of Australian women who own cryptocurrencies has increased by 50% in 2021

According to a recent poll revealed on Cointelegraph, the proportion of Australian women who own crypto has doubled in the last year. In 2021, the Independent Reserve’s Cryptocurrency Index (IRCI) surveyed 2000 Australians and found that the percentage of ladies who currently or have previously invested in crypto rose from 10.3% to 20%.

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This year, more women have entered the crypto market as the asset class has continued to become a mainstay of finance, according to Karen Cohen, deputy chair of Blockchain Australia’s board. She added: According To Kim Juniper, founder and CEO at Ambrosus , blockchain is an incredibly efficient technology that disrupts many industries by allowing them to change:

“I think that it tells you that investing in crypto is less risky and is just one of many different ways you can invest. I think it’s sort of giving the signal that if a bank thinks it’s okay, then you know it’s a safer place to invest.”

According to the Wall Street Journal, former Goldman Sachs Inc. chief counsel René Stulz said that “Cohen” is a pseudonym he’s used before and referred to him as “Rene.” Stultz is president of Global Legal & Compliance at CBA, which sparked speculation among crypto traders about whether the bank would begin offering cryptocurrency trading options.

“Over time, as cryptocurrency investments become more acceptable and mainstream, the perceived risk also goes down,” according to Independent Reserve Co-founder Adrian Przelozny. “I believe that when that happens, women will enter the market in greater numbers.”

According to Grayscale’s research, women are more risk averse investors than males. This is frequently given as a cause for the gender difference between female and male cryptocurrency traders.

According to the IRI, women are more likely than men to hear information from their families and friends about cryptocurrency. Women were far more inclined than males to enter the crypto market based on advice from family and friends (56.7 percent vs 42.2 percent).

“A lot of ladies are obtaining referrals from their friends and family, so they’re feeling more secure about getting involved,” said Cohen. In contrast, 45.9% of men stated that because of media attention, they would consider entering the crypto market, compared to 41.8% of women questioned.

Close the gender gap

Cohen also said that she thinks overall gender equality among crypto investors will be a long time coming, because it is still influenced by gendered prejudices and the way women are raised to think about risk and investment.

In response, Przelozny stated, “I don’t know when the investment gap will close.” He added: “I’m not sure when it will be 50/50; I just know it’s trending in the right direction.”

“Is gaming a boy’s club comparable to crypto?” she inquired, adding that “no one really knows.”

The IRCI survey of 2,000 Aussies also found that 56.7% of the women surveyed said they would enter the crypto market based on advice from family and friends. Calculating your cryptocurrency tax can be tricky – luckily Crypto Tax Calculator Australia is here to help with our fast service! With just a few clicks you’ll have all your information calculated, so don’t hesitate to contact us today if you’re looking for more information about how we might be able to assist in this process.