Millennial Women Less Likely to Risk Investing in CryptocurrencyScroll Down
Millennial women have been investing in cryptocurrency at half the rate of men, according to a new survey published by the crypto payment company Circle. Over 3,000 millennials, Gen Xers, and Baby Boomers in the United States were questioned about the crypto space in the survey. The study revealed that only 25 percent of millennials are interested in buying cryptocurrencies over the next year, which is 10 percent more than other generations. In terms of genders, 17 percent of men and 8 percent of women across the three generations have plans to invest in crypto. Of the millennials surveyed, 71 percent have invested less than $1,000 into cryptocurrencies. Of those who invested, 42 percent invested less than $500 and 29 percent invested between $500 and $1,000. 29 percent have invested more than $1,001. According to the poll, millennials are willing to take more risks with crypto investments than Baby Boomers. Men are also willing to take more risks than women. 42 percent of millennial men consider themselves "aggressive" investors, which is more in comparison to 27 percent of millennial women. Meanwhile, 34 percent of men and 19 percent of women Gen Xers consider themselves aggressive. Women are clearly underrepresented in crypto investing, but that may change soon. According to a recent report from the London Block Exchange, the number of women thinking about investing in crypto has doubled since the start of the year. The report claims that women are 50 percent less likely to suffer from "FOMO" or the fear of missing out because they have a more strategic approach to investing. Earlier this year, a survey from YouGov Omnibus research services revealed that 79 percent of millennials in America are aware of at least one cryptocurrency. In the survey, interests in cryptocurrencies were split among millennials with 48 percent being interested and 50 percent not being interested. 44 percent of the millennials questioned in the YouGov Omnibus survey think cryptocurrencies will become widely adopted. However, 34 percent of the participants surveyed had a more pessimistic view and predicted lower adoption.