A recent poll conducted by eToro shows that cryptocurrencies seem to be doing more successful in terms of adoption amongst women. The female gender ranks as the second most-widely owners of the digital asset.
According to data provided to Cointelegraph by the eToro team, women now hold cryptocurrency second only to cash in terms of asset class ownership. This is according to the findings of the most recent Retail Investor Beat from eToro, which polled almost 10,000 global retail investors across 13 nations.
The survey’s findings show that women are becoming much more likely to hold cryptocurrency. According to the data, ownership rose from 29% in the third quarter of 2022 to 34% in the final quarter.
The eToro team interprets this as evidence that cryptocurrency is “succeeding where conventional financial markets have occasionally failed,” namely by attracting more female investors.
While female adoption of the cryptocurrency soared in the fourth quarter of 2022, male ownership only rose by 1% over the same period.
Despite being the asset class with the poorest performance last year, total worldwide investor ownership in cryptocurrencies increased from 36% to 39% quarter over quarter.
The statistics were impacted by elderly investors purchasing the dip in addition to women rushing in. Retail cryptocurrency holders between the ages of 35 and 44 and 45 and 54 increased by 5% apiece, indicating that older investors are also acquiring cryptocurrency.
When asked why more investors are investing in cryptocurrencies, 37% of poll respondents said it’s because they want to earn high returns, while 34% said it’s because they trust in the potential of blockchain and think cryptocurrencies are a transformational asset class.
Businesses are beginning to invest in blockchain technology, in addition to individual investors who already do so. On January 12, CasperLabs discovered that out of the 603 companies that took part in the poll, 90% had already used blockchain in some way.
