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Men check Bitcoin price more frequently than women, new study reveals

Gender is associated with both psychological and demographic factors when it comes to crypto investment, new academic research revealed.A new study has shed light on the differences between men and women in different aspects of crypto trading and investment, revealing that 60% of women have very limited or no knowledge about crypto assets, a critical element affecting investments, while two-thirds of men have a medium and high level of understanding of crypto. Better overall knowledge leads to taking more risks, as men follow their investments more frequently than women and do not avoid taking more risks, the study found. A key driver behind women’s tendency to try different investment tools is lower income and a lower level of knowledge about crypto.The study, accepted by the Journal of Business, Economics and Finance on Dec. 24, argues that gender is a factor that affects the financial investment decisions of individuals. Researchers Çağla Gül Şenkardeş and Ozan Akadur have discussed data obtained via a computer-aided survey conducted in Turkey to reveal gender-related behavioral and psychological differences in crypto.Şenkardeş has been working as an interdisciplinary academic researcher with a focus on technology and gender. Being an active participant in the crypto ecosystem for over five years, she has studied the exclusion of women from the crypto industry with personal observations and specific data collected for the research. Commenting on the study, she told Cointelegraph:“The male-dominated culture built within the crypto industry becomes visible in both the demographic and psychological factors that affect financial investment decisions.” Şenkardeş also shared her personal observations that women have a lower level of knowledge about crypto, which, among other causes, leads to a decrease in the investment ratio. Related: 10 women who used crypto to make a difference in 2021But there is hope. Şenkardeş noted that there are activist platforms around the globe with the goal to increase women’s participation in the crypto industry both as traders and developers. She said:“I do believe together with the increasing awareness on a gender-free digital verse, the gap between the female and male crypto investors will disappear.”As Cointelegraph’s Keira Wright pointed out, current numbers need vast improvements to achieve an equal playing field. A CNBC survey found that women are still less than half as likely to invest in cryptocurrencies than men, with 16% of men investing vs. 7% of women.But the crypto industry has the potential to empower women and give them more control over their finances, Wright concluded, adding that traditional barriers between women and financial freedom are already started to crumble as mainstream adoption takes off.

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70% of US crypto holders started investing in 2021: Report

The vast majority of cryptocurrency owners in the United States made the first-ever crypto investments just within last year, according to a new survey.About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group, the operator of major crypto exchange Huobi.The company polled about 3,100 U.S. adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more.The survey found 68% of respondents got their first crypto exposure within a year, while another 21% of those started investing in crypto up to two years ago. 12% of respondents made their first crypto investment within four years, while 9% began investing in crypto more than four years ago.Source: Huobi GroupAccording to the survey’s findings, respondents did not invest too much in crypto though. 46% of pollees reported having $1,000 or less invested in cryptocurrencies. Another 25% said that they held between $1,000 and $10,000 worth of crypto.The study also suggested that there’s still a lot of skepticism around the crypto industry, with 42% of respondents feeling it was too risky to invest in crypto. 34% of interviewees were also concerned about the lack of market regulations, while 24% of respondents noted that they didn’t have enough capital to invest in crypto.Related: New survey reveals 83% of millennial millionaires now own cryptoHuobi Group global strategy director Jeff Mei said that 2021 was a big year for crypto thanks to the rise of sectors like decentralized finance and nonfungible tokens.“However, we still have a long way to go before mainstream adoption will happen. Once more people take the time to understand the industry and there’s more clarity on global regulations, we can expect to see a spike in participation,” he said.

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New survey reveals 83% of millennial millionaires now own crypto

2021 has proven to be the year of crypto adoption where institutional crypto investments and millennials turning millionaires were familiar headlines.A new CNBC survey has revealed that a majority of millennial millionaires have invested a significant chunk of their portfolio in crypto and plan to continue their crypto investments in 2022. The survey polled investors with assets of $1 million or more, and 83% of the polled millennial millionaires revealed they had made crypto investments. 53% of total survey respondents said they hold 50% or more of their portfolio in crypto. Nearly one-third of the respondents have invested at least three-quarters of their wealth in crypto assets. While the poll results might come as a surprise to many, those who have been following the crypto boom in 2021 would know how a generation of TikTok investors made millions of dollars on investments in meme currencies.The CNBC survey also revealed a massive generational gap in terms of investment. On one side, millennials are investing as high as 50% of their wealth in crypto, while on the other side, only 4% of the older generation have invested in digital assets and only one-fourth of the GenX owns crypto.George Walper, president of Spectrem Group that conducted the survey for CNBC, said the new generation’s rising interest in the nascent crypto market could prove to be an issue for wealth managers. He believes these traditional managers would have to rethink their approach towards these upcoming investors. He explained:“I’m not sure the wealth management industry has recognized that they need to think of these as completely different generations. Most firms were hoping to ignore it. But millennial millionaires are not going to just grow out of crypto.”The survey also highlighted how the new generation is willing to take more risks with crypto rather than investing in traditional markets. The survey revealed that 48% of millennial millionaires plan to add to their crypto investments while 38% plan to hold and only 6% plan to reduce their crypto exposure in the coming year.Apart from a surge in crypto millennial millionaires in the US, Australia has also seen a 10% growth in crypto adoption over the past year. The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) that surveyed 2000 people found the crypto investment among Australians has grown to 28.8%, up from 18.4% in 2020.

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Grayscale finds that over 25% of US households surveyed currently own Bitcoin

According to a report published by Grayscale Investments on Monday, more than one-quarter of U.S. investors surveyed (26%) said they already own Bitcoin (BTC). Out of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. An additional three-quarters of the participants (77%) said they would likely gain exposure to Bitcoin through an exchange-traded fund.The survey featured 1,000 respondents between the ages of 25 and 64. All had at least $10,000 in investable household assets (excluding workplace retirement plans or real estate) and at least $50,000 in household income. Most invest in cryptocurrencies via a trading app or directly through a crypto exchange. Very few invest in Bitcoin through a traditional self-brokerage or industry professionals. In fact, the number of respondents using a financial advisor for crypto exposure fell from 30% in 2020 to just 11% this year.In terms of investment planning, three times as many investors would consider owning BTC as an investment rather than a currency. Furthermore, over 50% of participants said they perceive Bitcoin as a long-term play that can fit in their overall portfolio strategy. Seventy-seven percent said they had purchased BTC within the last 12 months. Ninety-one percent of respondents are currently in the green regarding their investment.There were near-universal increases in Bitcoin adoption across all age groups, genders and levels of education. The reported cited being able to invest very low amounts, accessibility at any time and a large sector growth potential as key reasons for its popularity.

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