January 21, 2023

Survey Says Women More Engaged in Owning Crypto

Bitcoin

Bitcoin

A new survey revealed that crypto assets gained success in bringing women on board.

EToro surveyed about 10,000 global retail investors in 13 countries around the world, which noticed a remarkable growth in crypto ownership among women, according to Cointelegraph. EToro reported that crypto is the second most widely-owned asset class for women following the cash.

The data showed a rise in the women’s ownership of crypto, as 34% of the surveyed, who owned crypto, were women in the last quarter of 2022, compared to 24% in the first quarter of the last year.

However, male retail investors’ ownership of crypto in the fourth quarter of 2022 only went up 1% from 42% to 43% of the surveyed. It recorded 33% in the first quarter. It is worth noting that crypto is considered the worst-performing asset class in 2022, however, the number of global investors who owned crypto last year increased from 36% to 39% on a quarter-on-quarter basis.

According to the data, Older investors, who owned crypto, recorded a rise, as investors holding crypto aged 35–44 and 45–54 rose by 5% each, a matter which shows that the older investors are paying attention to handling crypto.

Overall, 37% of the participants in the survey said they are owning crypto to earn high revenues, while 34% noted that they consider owning crypto as a transformative asset class, believing in the power of Blockchain.

It is worth mentioning that a report by Immunefi, Web3’s leading bug bounty platform, revealed, that the crypto industry lost more than $3.94 billion in 2022. According to the report, hacks were the main reason for these losses, accounting for 95.6%, while rug pulls, scams and fraud represented only 4.4% of the total losses. Because of hacks, the crypto industry lost over $3.77 billion in 2022 in 134 specific incidents.

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