New Study Shows That Men Tend to Check BTC Prices More Often Than Women Do

According to new academic research, it appears that gender also plays a part in crypto investments, specifically in the psychological and demographic sectors.

More information has been revealed in this new study regarding the differences between men and women regarding crypto investing and trading. The study reveals that approximately 60% of women only have a limited understanding of crypto assets. Notably, some don’t even know about it at all. Meanwhile, about two-thirds of men have a medium-to-high level of understanding.

When you better understand or know about a particular thing, you can take more risks because you know what you’re doing. This applies to men who can keep track of the investments they’ve made more often than women, not to mention that they’re not afraid to take risks due to their better overall knowledge about crypto. The study also shows that women tend to try other investments instead due to having lower income and not having enough knowledge about crypto.

The Journal of Business, Economics, and Finance accepted the study on December 24, 2021, arguing that gender plays a significant role in making financial investment decisions. Researchers Çağla Gül Şenkardeş and Ozan Akadur obtained this data through a computer-aided survey. The survey, conducted in Turkey, discusses psychological and behavioral differences among men and women in crypto.

Şenkardeş is an interdisciplinary academic researcher focusing on technology and gender. She has been actively participating in the world of crypto for more than five years now, which led her to study the exclusion of women from the industry based on personal observations and research.

She said the following to Cointelegraph when discussing her study:

The researcher also talked about her observations, stating that women tend not to have as much knowledge about crypto as men. As a result, this leads to the investment ratio decreasing. However, not all hope is lost regarding the matter. Şenkardeş says that various activist platforms worldwide want to help and encourage more women to participate in the cryptocurrency industry, either as a developer, a trader, etc.

According to Keira Wright from Cointelegraph, massive changes and improvements need to be done beforehand if we want the playing field to become equal. According to a CNBC survey, women (7%) are less likely to invest in crypto than men (16%).

Wright concludes her observation by saying that the crypto industry could greatly help empower women and give them the chance to control their finances. Now that crypto adoption is gaining traction, the barriers between women and financial freedom are already falling apart.