Women’s Day: Female investors find cryptocurrencies attractive despite market volatility; Bitcoin, Tether top picks
Times have changed, and the world with greater modernity and advanced technology. There is also a change in the pattern of how women save their money and park it for future value creation. In recent times, women take on more challenging tasks, they are not shy about taking risks when it comes to investments. One such risk would be investing in cryptocurrencies as the market is volatile and highly sensitive. Despite the unpredictable trend, female investors are likely to have held more virtual digital assets than male investors, a study shows.
Times have changed, and the world with greater modernity and advanced technology. There is also a change in the pattern of how women save their money and park it for future value creation. In recent times, women take on more challenging tasks, they are not shy about taking risks when it comes to investments. One such risk would be investing in cryptocurrencies as the market is volatile and highly sensitive. Despite the unpredictable trend, female investors are likely to have held more virtual digital assets than male investors, a study shows.
According to the WazirX Survey on the occasion of Women’s Day, the trading volume on the platform by female users increased by 3.3% in a year.
According to the WazirX Survey on the occasion of Women’s Day, the trading volume on the platform by female users increased by 3.3% in a year.
The trading volume in crypto assets by female investors rose from 15.27% in 2021 to 18.57% in 2022, despite the year leading to a liquidity crisis in the market. The year 2022 has witnessed the collapse of major stablecoins, liquidation, bankruptcies and illiquidity of cryptocurrencies due to macroeconomic uncertainty.
The trading volume in crypto assets by female investors rose from 15.27% in 2021 to 18.57% in 2022, despite the year leading to a liquidity crisis in the market. The year 2022 has witnessed the collapse of major stablecoins, liquidation, bankruptcies and illiquidity of cryptocurrencies due to macroeconomic uncertainty.
Not only that, the WazirX survey reveals that the average value of crypto per female user on the platform is ₹9,650, which is almost 30% more than the average value of crypto per male user, which is ₹6,676.
Not only that, the WazirX survey reveals that the average value of crypto per female user on the platform is ₹9,650, which is almost 30% more than the average value of crypto per male user, which is ₹6,676.
That being said, female investors are now embracing crypto value ₹354.9 crore in the balance.
That being said, female investors are now embracing crypto value ₹354.9 crore in the balance.
Furthermore, the survey highlighted that the highest number of registrations among women came from the age group 25 – 35 years in the last two years. It was 51.02% and 44.28% in 2021 and 2022 respectively. The female users between 36 – 50 follow closely with 29.98% and 32.54% in 2021 and 2022 respectively.
Furthermore, the survey highlighted that the highest number of registrations among women came from the age group 25 – 35 years in the last two years. It was 51.02% and 44.28% in 2021 and 2022 respectively. The female users between 36 – 50 follow closely with 29.98% and 32.54% in 2021 and 2022 respectively.
According to WazirX, it has been observed over a period of time that Crypto has been preferred by women over traditional assets ever since it started growing. With low entry barriers, better access and inclusion for users, women find it easier to invest in virtual digital assets.
According to WazirX, it has been observed over a period of time that Crypto has been preferred by women over traditional assets ever since it started growing. With low entry barriers, better access and inclusion for users, women find it easier to invest in virtual digital assets.
Bitcoin was the most loved cryptocurrency among female investors with a weight of 21.6%. But Tether with a weight of 21% in total volumes emerged as the second most popular digital asset among women. Others were — WazirX (16.4%), Ethereum (14.3%), Shibu Inu (13.6%) and Dogecoin (13.1%).
Bitcoin was the most loved cryptocurrency among female investors with a weight of 21.6%. But Tether with a weight of 21% in total volumes emerged as the second most popular digital asset among women. Others were — WazirX (16.4%), Ethereum (14.3%), Shibu Inu (13.6%) and Dogecoin (13.1%).
Among the women who had more than 30% of their assets allocated to cryptocurrencies were mainly in the 30-45 age group, followed by the 18-30 age group. Furthermore, 24% of women with more than 30% of their assets in crypto have invested for more than 3 years.
Among the women who had more than 30% of their assets allocated to cryptocurrencies were mainly in the 30-45 age group, followed by the 18-30 age group. Furthermore, 24% of women with more than 30% of their assets in crypto have invested for more than 3 years.
According to the survey, one of the most important reasons for investing in cryptocurrencies will be financial independence. 45% of women in the 45-60 age group, 41% in the 18-30 age group and 34% of women between 30-45 years invested in crypto for financial independence. This has been a trend globally where women have chosen crypto for personal value creation and portfolio diversification. While 19% of respondents invested in crypto due to the combined factors of high returns and potential utility.
According to the survey, one of the most important reasons for investing in cryptocurrencies will be financial independence. 45% of women in the 45-60 age group, 41% in the 18-30 age group and 34% of women between 30-45 years invested in crypto for financial independence. This has been a trend globally where women have chosen crypto for personal value creation and portfolio diversification. While 19% of respondents invested in crypto due to the combined factors of high returns and potential utility.
While 25% of women feel that with crypto investments, they are socially valued for trying new forms of financial assets. While 15% feel they are considered financially literate. And 10% feel that they are experienced as knowledgeable about the latest technological developments.
While 25% of women feel that with crypto investments, they are socially valued for trying new forms of financial assets. While 15% feel they are considered financially literate. And 10% feel that they are experienced as knowledgeable about the latest technological developments.
Of the respondents who were inspired to buy virtual digital assets by external factors — 51% were influenced by their partners, while 32% were influenced by news articles, social media, market trends, etc.
Of the respondents who were inspired to buy virtual digital assets by external factors — 51% were influenced by their partners, while 32% were influenced by news articles, social media, market trends, etc.
In particular, respondents in Maharashtra, Uttar Pradesh, Tamil Nadu, Delhi, Karnataka and West Bengal have the highest number of investors who have invested in crypto on their own decision, as well as done adequate research on the assets.
In particular, respondents in Maharashtra, Uttar Pradesh, Tamil Nadu, Delhi, Karnataka and West Bengal have the highest number of investors who have invested in crypto on their own decision, as well as done adequate research on the assets.
