Three reasons why we need more female founders in the crypto industry

There are only 5% of female founders in crypto companies. What would happen if this percentage increased to 10%?

Increase in economic growth and diversity

Having more women-led, founded or managed businesses in the crypto industry is a critical cog in the adoption wheel. The share has remained low due to a number of factors, including limited exposure to fintech and a general aversion to the new technology. Undoubtedly, the burgeoning crypto industry is as volatile as it is full of opportunity. Although the industry is indeed male dominated, it is remarkable to appreciate the role they have played in the fundamental work of bringing structure to the industry.

Women and men bring valuable skills to the workplace. Several studies show that including more women creates positive ripple effects in the economy. One such study from the IMF showed a possible increase of 35% in GDP by closing the gender gap. Since the gap will take different phases to close, it is important to explore gradual economic growth through jobs that female founders will create in the crypto industry.

The bigger picture provides greater benefits for the local communities through more work opportunities. Who will extend these opportunities to local communities to realize the benefits of a burgeoning industry? In the next decade, if the crypto industry crosses the multi-trillion dollar mark, this value must circulate to local economies. Women will certainly be important influencers in this process to lead sustainability.

Risk management

Women tend to be risk-averse in their approach to financial management. This has, for example, been reflected in the leadership gaps where fewer women are at top C-level and board management in the larger financial industry.

This has also been reflected in the reluctance to invest in crypto-assets, which are highly volatile. Although interest among women investing in crypto has been growing, the current rate of crypto ownership among women is 21%.

Can the next 10% of women who own crypto assets show how they can measure and manage risk differently? They will certainly provide a better understanding of the use cases that drive their demand. They will also demonstrate the effectiveness of relevant education or content that informs its use. The third aspect that the next 10% will show is the sustainability of crypto-related use cases across different demographics.

The gradual inclusion of women will provide valuable insight into sustainable risk management in the crypto industry.

Next phase of early majority adoption

For the next million or billion crypto users to come on board, it will require a peer-to-peer outreach. BitcoinBTC, by design, is a peer-to-peer payment system. It requires two parties to interact before the next can participate.

Women tend to share different types of knowledge through stories. One such story is Trust, a graphic novel and NFT collection. It follows Moraa, a young whistleblower who uses blockchain technology to fight for his homeland in an attempt to protect it from powerful overlords. Fiction often carries powerful truths with real-world application.

There are layers to crypto adoption when it comes to applications. For the next segment of the early majority, adoption will have multiple layers. To put it differently, few people like potatoes in their basic form. They are unappealing until they take another form, such as slices or mashed potatoes.

Crypto, in its basic but complex form, will remain unappealing to the masses. It is characteristic of something in the first years of use. But as it gains adoption with different approaches to integration, it will have a different appeal. Currently, apart from bitcoin, there are various community currencies that are gaining sustained use. There are several NFT communities and interest among novelists who are not celebrities but are willing to explore diversified notoriety through crypto.

superhero conclusion

It’s easy to get overwhelmed by the huge gap that needs to be filled. Understandably, some may perceive that it will not be resolved. However, this potential financial growth and diversity, diversified risk management as well as the next phase of adoption needs to emerge for the next female founder to see why this is important now. Indeed, it is not possible to fill every gap, but this one in the crypto industry has a compelling case for it. Whether it is one more female founder or ten more female owners of crypto assets, there is a bigger picture to appreciate and realize.

It begins with education. What follows is an incentive. Before we know it, the use cases will be developed through varied products and services that meet society’s needs.