A new report from Bitcoin fund management firm Grayscale indicates that the digital currency gender gap may not be as wide as many have assumed. The report was based on a survey of 1,100 American investors, and discovered that women share many of the same views as their male counterparts when it comes to Bitcoin as an investment.
As the report’s authors note, the conversation surrounding digital currency tends to target male investors. However, the survey results clearly suggest that women are also intrigued by Bitcoin’s investment potential. The report, Investing in Bitcoin: Perspectives from Female Investors, notes that Grayscale Investments’ early 2019 Bitcoin investor study found that women made up 43 percent of respondents who expressed interest in Bitcoin’s investment potential.
According to this latest report, 80 percent of female respondents said that they were interested in the digital currency’s growth potential. That’s two percentage points higher than male investors. Both groups were equally attracted by the fact that they can easily access their Bitcoin investments.
In fact, views among male and female investors between the ages of 25 and 54 were remarkably similar when it comes to Bitcoin investment. Both groups see significant potential for growth in digital currency investments, with more than 56 percent of men and women expressing that sentiment. In like manner, 49 percent of men and women believe that Bitcoin’s price will increase over time due to its finite supply.
More women than men were attracted by the opportunity to start with small digital currency investments and grow their portfolio over time (63 percent to 56 percent). Meanwhile, slightly more women than men placed value on Bitcoin’s liquidity – 60 percent of women versus 56 percent of men.
Finally, female respondents were more likely to believe that it’s a good time to purchase Bitcoin as an investment. 47 percent believe that prices are likely to rise from their current levels. Only 39 percent of male respondents shared that view.