We use cookies and other tracking technologies to provide services in line with the preferences you reveal while browsing the Website to show personalize content and targeted ads, analyze site traffic, and understand where our audience is coming from in order to improve your browsing experience on our Website. By continuing to browse this Website, you consent to the use of these cookies. If you wish to object such processing, please read the instructions described in our Cookie Policy / Privacy Policy.
Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at [email protected] with a brief bio and we will get in touch with you.
Srinidhi Moodalagiri, Cofounder, flippy
Cryptocurrency, long thought of as a predominantly male bastion, is quickly moving towards becoming gender-neutral. More and more women are now looking at cryptocurrency as a new investment avenue and are learning the nuances and nitty-gritty of crypto trading and successfully trading and investing in it. The constantly evolving crypto world has plenty of opportunities to offer that is being grabbed by women, thus shrinking the gender diversity.
However, according to research by BlockFi 1 , 92% of women surveyed have heard about cryptocurrency, with almost 1 in 4 (24%) already owning some. Approximately 33% of the respondents said they would buy cryptocurrency in 2022, with around 60% saying they would buy crypto in the next three months.
One in 5 women surveyed believed that crypto would help them achieve their big and small financial goals.
Moreover, globally 21% of crypto owners are women, and that number is growing fast.
According to some statistics in India, over the last year, new women investors on Indian crypto platforms have increased by nearly 1400 per cent compared to new male investors. What’s surprising is that these women investors are not just from tier 1 or metro cities but also tier 2 and 3 cities, indicating that crypto is gaining acceptance with women across all strata of society.
Unquestionably, these figures are very encouraging and indicate that the number of female participants in the crypto market can only increase from hereon.
Many women believe that crypto is not just for immediate returns but is a long-term business venture.
Along with other asset classes such as Fixed Deposits, mutual funds, stock, gold, real estate and more, crypto offers a new and exciting avenue for women to achieve their goal of financial freedom.
Overcoming the hurdles-
Although there are quite a few roadblocks still in the way of crypto gaining more acceptance with women, here are just some of the ways that crypto can become more easily accessible and exciting investment avenue for women in general:
Although, there is still work cut out to bridge the gap of gender neutrality in cryptocurrency, but the foundation and ground are all set to reduce this gap in a brief period. It is only a matter of time before we see women as investors and traders and in management roles such as CEOs and founders of emerging crypto trading platforms. The future of crypto is gender inclusive.
{{C_D}}
{{{short}}} {{#more}} {{{long}}}… Read More {{/more}}
Views expressed above are the author’s own.
What’s obscene? FIR against Ranveer Singh yet another example of absurd & dangerous misuse of an outdated law
The exodus is rational: Don’t judge Indian students going abroad. Fix the system problems that are driving them out
Too few taxpayers: I-T returns numbers remind us again how narrow the tax base is. More tech, fewer exemptions are needed
How IAF’s hero became a villain: India’s broken procurement process ensures MiG-21s continue to fly beyond their expiry date
Not for courts: Sops for voters are a matter between politicians and people. SC has many other pressing tasks
Not just a change of ‘regime’ but it is freedom from ‘dynasty’ rule!
Time to remove Pakistan as an idea from Kashmiri minds
Why are many Hindus eschewing liberalism?: Civilisational anxiety. But they must remember that Sanatana Dharma is intrinsically pluralistic
Ban that kills: Gujarat deaths, and similar tragedies in Bihar, again demonstrate the terrible costs of prohibition
Rupee: The real story – India’s currency is strong and stable. Economists who said otherwise should have known better
Interested in blogging for timesofindia.com? We will be happy to have you on board as a blogger, if you have the knack for writing. Just drop in a mail at [email protected] with a brief bio and we will get in touch with you.
Ruminations,TOI News,Tracking Indian Communities
Swaminomics
Right & Wrong,TOI Edit Page
Mrs Funnybones
Copyright © 2022 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
Author
Administraroot
