Circle Survey Finds Women Underrepresented In Cryptocurrency Investing

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Interest in cryptocurrency among the Millenials is rising, a new survey has revealed. According to the poll, one in four Millenials says they are interested in cryptocurrencies and will invest in tokens over the course of the next year.

Of this one in four Millenials, 25 percent say they can invest their 401(k) in cryptocurrency, while 19 percent expressed the belief that they can “get in early on a new industry”. A further 11 percent say they see crypto investments as a chance to make money “fast”.

Crypto Payments Company Circle recently published the results of their poll, in which it surveyed over 3000 people in the U.S. The payment platform says it used Survey Monkey panels to conduct the survey.

The main point of reference was to establish how each generation invests, views risks, and responds to newer investment opportunities like cryptocurrency.

The findings show that a majority of the younger generation believe they are aggressive when it comes to investing in new technology.

42 percent of Millennial men said they were very tolerant of risks associated with investing. 27 percent of females within this generation also viewed themselves as “aggressive” investors.

The survey also sampled the views of Generation X and Baby Boomers, with the latter being found to be twice as cautious as the former when it comes to risk tolerance.

The study showed that the age contributed to a lack of aggressiveness among the Boomers. The percentage of those saying they are aggressive when it comes to seeking investment opportunities varies greatly, dropping from about 69 percent among Millennials to just 25 percent among the Baby Boomers.

Males dominate crypto investments

Cryptocurrency investment is termed as being a risky business and more men exhibit tolerance to risk compared to women. Investors risk losing their hard earned money not just to market forces but also to scams and cyber attackers.

The Circle poll finds that across all generations, 17 percent of men say they will invest in digital currencies in the next twelve months. The figure drops by over half, with 8 percent of women saying they have plans to get into crypto over the coming year.

The pattern favors the young when we consider the different generations. 25 percent of Millennials, 10 percent of Generation Xers and just 2 percent of Baby Boomers say they have plans to invest in cryptocurrencies over the next one year.

There have been several studies and polls over the last couple of years, and all seem to point to a unique fact- more Millenials than any other group, are positive about cryptocurrency.

A survey conducted at eToro, a social trading platform in May revealed the same pattern. In a study that involved eToro users, only 8.5 percent turned out to be women. It is important to note that as of March 2018 the platform had close to 9 million users.

1 Comment
  1. Jesse c says

    This is a very interesting article. I agree that men are more aggressive with investing but there are some women who can aggressive towards investing too. Women can be more analyzing of details, which can make them more successful.

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