Bitcoiners love dogs, gold bugs prefer cats — Important new research

New research from US crypto alternate Xcoins suggests gold traders are fairly evenly break up between women and men, however males dominate the ranks of crypto traders by a big margin.

The information additionally revealed that “gold investors are more likely to own a cat than cryptocurrency holders (45% to 38%), while cryptocurrency holders tend to be ‘dog people’ (43% to 38%).”

Xcoins’ research used Global Web Index information between 2017 and 2020, to seek out the variations between gold and crypto homeowners.

The research discovered that there’s a important disparity between ladies’s views on gold as an funding versus crypto. Around 46.7% of gold traders are ladies and 53.
5% are males, whereas amongst crypto traders, 71.9% are males and simply 28.1% are ladies.

The crypto gender gap is nothing new and it’s broadly believed the crypto and blockchain sectors are male-dominanted. However, research is exhibiting that the hole has been shrinking over the previous couple of years, as crypto regularly embeds itself into mainstream society.

A report launched by CoinMarketCap in April 2020 discovered that 43% of investors fascinated about Bitcoin had been ladies, up from simply 13% the 12 months earlier than. Recent information revealed by Cardify discovered that the quantity of ladies depositing their cash into crypto was additionally rising, with ladies accounting for 15% of crypto deposits in January 2021, in comparison with 5.6% the 12 months earlier than.

Despite the rising curiosity from ladies, Xcoins’ research highlights that there’s nonetheless a significant gender diversity issue in crypto which requires extra motion.

Rob Frye, CEO of Xcoins, commented on the exchanges’ findings through which he emphasised the significance of bringing extra ladies into crypto, noting that Bitcoin’s mainstream adoption relies on their participation:

“If Bitcoin is to succeed in the mainstream then it needs support from all demographics. No-one is stopping women from entering or investing in the crypto space, but little is being done to encourage them either.”

“With data suggesting that female investors view cryptocurrency as a riskier investment, it’s clear that more needs to be done in this area to educate and inform people of what risks cryptocurrency actually carries instead of letting assumptions hinder the growth of the asset.”